Click to read the recent posting on our Santa Clarita Real estate blog that talks about this very topic... What is a NOD and DOM? Notice of Default is what NOD stands for. Days on Market is what DOM stands for. Both should be of concern to any buyer that is approaching Short Sales to purchase. The other thing you will need to know is how the Short Sale home, condo or town-home is being structured.
Have a look at our SCVmoves YouTube channel for other videos (there are 4 in this series) which will give you better advice when approaching a short sale seller.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved