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FORECLOSURES SELL AT 30% DISCOUNT

July 12th, 2010 9:07 PM by Uletas Greene Carter

Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010.

According to a new report from RealtyTrac, the marketer of foreclosed properties, 31% of all sales were foreclosures. And homebuyers purchasing those properties paid a whopping 27% less, on average, compared to sales of non-distressed homes.

These foreclosure sales include properties sold in short sales or after a bank repossession, known as REOs.

 

 

 

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Posted by Uletas Greene Carter on July 12th, 2010 9:07 PM

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