The Meridian MLS (IMLS) currently has 242 homes listed as possible short sales. This is up from about 210 on 11/28/08. The Meridian real estate market has 1153 homes for sale so about 21% are short sales.
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45 of the Meridian short sales are listed as “contingent” which means an offer has been submitted for lender approval. This process usually takes about 8 weeks. Most short sales have the right to continue to market so other offers can be made on these properties.
Data source: IMLS. Information not guaranteed.