Foreclosures & Short Sales Listings in Riverside CA

How many foreclosures and/or short sales are on the market right now in Riverside, California? Here is a breakdown of the current active listings (for single family homes) in Riverside as of July 16, 2009.

As you can from the numbers above, there are more than twice as many short sales as foreclosures.

If you are worried about losing your home to foreclosure, don't wait to act. Contact your lender regarding a loan modification. If you don't seem to get anywhere with your bank, keep trying, be persistent. If this doesn't work, contact an experienced Realtor regarding the possibility of doing a short sale. There is no cost to you to hire a Realtor to do a short sale and there are no closing costs for the homeowner with a short sale - the bank pays the commissions and closing fees. Foreclosures should be avoided at all costs. There is no upside to foreclosure.

Read this for tips on buying a bank-owned home.

If you would like to learn more about short sales or foreclosures or would like to receive listings of houses for sale in Riverside, CA or anywhere in the Inland Empire, let me know. Click here to visit my website.

Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Visit my website.