Nearly 25 Percent of Q2 Nationwide Home Sales Were Foreclosures

Nearly 25 Percent of Q2 Nationwide Home Sales Were Foreclosures

RealtyTrac has released its Q2 2012 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure, or real estate-owned (REO) or bank-owned accounted for 23 percent of all U.S. residential sales during the second ?
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RealtyTrac: Foreclosures were 23% of Q2 US Sales

Bank-owned homes are also referred to as real-estate-owned, or REO, properties. RealtyTrac Vice President Daren Blomquist noted there is a limited supply of available foreclosure inventory to choose from in many markets. This shortage of supply, as ?
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RealtyTrac: Distressed Homes 23% Of All Sales

The latest report from RealtyTrac shows that 23 percent of all existing home sales in the second quarter were either facing foreclosure or bank-owned REOs ??real estate owned? by lenders. The massive number of distressed sales is not ? The gap ?
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Source: http://bpoaccess.com/nearly-25-percent-of-q2-nationwide-home-sales-were-foreclosures.html

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