Hi Sherri - For the last 6 months of Sold Single Family homes - 22% w/in 0-30 days & 31-60 days each,
where 18.5% sold between 91-120 days & just under 15% - 120 days + on market.
Of course these are just closed properties in the last 6 months. Pricing is key!
Foreclosure is the most likely answer. In many jurisdictions when the mortgage holder bids on the home - no money actually changes hands. They are bidding on a property secured by a loan that they made.
$1 is listed as "Consideration" in a sale for legal purposes.... more