Well, there are two common things that must occur or must apply to you as a homeowner for the lenders to do the short sale. One is that you have to prove their hardship or finances or you have to prove them a hardship due to medical reasons. So those are two of the most important things they will look at for them to even consider doing a short sale.

Why am I talking about short sales right now? Well, I just wanted to give you some information about short sales. And one of the reasons is that short sales will be coming two years down the road or three years down the road, or five years down the road. I did do a video explaining more details about short sales. So you can look that video up here or a link will be there towards the end. Right now there are two short sale transactions in escrow according to the MLS. And in the last four years, Yes, in the last four years, there have been only seven close short sales, which is practically zero transactions. If you look at 1000s and 1000s of homes that have sold every year, let alone in the last four years. Let’s look at how Orange County stands for short sales. According to the multiple listing service of which I’m a member, Orange County right now has 1000s and 1000s of homes for sale and in escrow, there are only two actives for sale, there are seven properties in escrow. And there are only 42 homes in all of Orange County according to the multiple listing service. As far as housing prices and housing momentum. As you know, just within the last 12 months, at least in Orange County prices have gone up anywhere from %15 to 20%. In one year in 2008. The highest they went was 14%. And if you look at the last four years in Orange County or Anaheim Hills or in California prices have gone up 30 to 40%, which is very high inflation is high right now at 8%. A lot of the loans that were in forbearance due to the COVID have not materialized and who knows if they’re coming on the market or not. And prices have gone very high due to inflation. We may see some short sales coming up, who knows where there’s going to be in the next year or two years, but for sure they are coming. Let’s wait and see. Hopefully, they won’t come for the sellers out there. But Facts are facts, the market has gone up for 10 years, up and up and up and up at a very drastic rate. the market will come down. There will be job losses, there will be businesses going out of business and the banks will be coming after homeowners that cannot make the payments or when they want to sell and the bottom line is when Short sales are involved. Lenders would rather do a short sale than do a foreclosure.