Bridgewater still troubled with high pre-foreclosures

Bridgewater has been perhaps one of the Wesley Chapel communities hardest hit with distressed properties for sale.  Of the 47 Bridgewater homes shown under contract in our local MLS, 40 are classified as "Short Sales" and awaiting the approval or rejection by the seller's lender, with several waiting for an answer since as far back as August and September of 2009.  Currently there are 27 Bridgewater homes listed for sale in our local MLS; 24 are Short Sales, and one is bank owned.  This is a community where the HOA has actively tried to turn things around by enforcing covenants and last year they even hired a public relations firm to help improve the image of the community.  See recent article in The Tampa Tribune:  Bridgewater Community Still In Financial Distress