I think that the banks are ramping up for something. It seems that snags are getting hit all over the place with the Short Sales that are in the system, almost appearing that the “mortgage holders” don’t want to see them succeed.
This is across the board, in our networking groups and team meetings, it seems that all of the other agents are hitting this wall. The “wall” is not presenting itself on every single short sale. But with all of the incentives and new Short Sale Programs – one would opine that it would continue to be smoother.
Here is a graph depicting the Foreclosure filings for California. Have a look and let me know what your “suspicious” side is telling you.