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Properties sold in short sales account for about 22 percent of all residential sales, according RealtyTrac.

RealtyTrac recently identified some of the best markets for a short- .

“The average amount short was more than $100,000 in seven of the top 15 markets, indicating banks are willing to realize a significant loss with a short sale in exchange for avoiding the increasingly complex and costly foreclosure process,” according to RealtyTrac.

The following are some of the best markets to a short sale, according to RealtyTrac data:

, Calif.

Average sales : $283,825

Average amount short (the difference between the sales price and the amount owed to the ): ($178,201)

Visalia-Porterville, Calif.

Average sales price: $126,496

Average amount short: ($71,102)

Fresno, Calif.

Average sales price: $145,313

Average amount short: ($89,140)

, Mich.

Average sales price: $91,145

Average amount short: ($53,158)

Vallejo-Fairfield, Calif.

Average sales price: $192,432

Average amount short: ($177,748)

Bakersfield, Calif.

Average sales price: $115,107

Average amount short: ($87,269)

Average sales price: $124,555

Average amount short: ($140,811)

Source:  http://realtormag.realtor.org/daily-/2013/03/07/7-great-markets-for-short-sales

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