The number of completed short sales has dropped this year, and the agents who specialized in them are scrambling around trying to figure out how to be regular realtors.
Hopefully the short-sale business will conclude when the debt-tax exemption expires again on December 31st.
But in the meantime, the rampant fraud has continued in 2013. This year the REOs are selling for a higher average price-per-sf than short sales:
SD County Sales, All Props Jan 1 – June 3
Thankfully, the Non-distressed sales are dominating the landscape, and eventually we might forget about this seedy chapter in realtor history.