For those who were waiting for the real estate bubble to pop, the time has come. I recently glanced at some home listings from one ZIP code in San Jose, California. The listings told it all.

• Short Sale Subject to Lender’s Approval
• This is a short sale.
• Price and commission are subject to lenders approval.
• To be sold as is.
• This is a short sale listing.
• Probable short sale.
• Price just reduced.
• Short sale price.
• Terms and commissions are subject to lenders approval.
• Bank owned home.
• Short sale approved.
• REO/Bank owned.
• Terrific bank owned home.
• Bank owned REO property sold as is
• Bank owned oportunity.