Short Sales Grab Growing Share of Distressed Sales


Posted on Aug 30, 2012

Foreclosed and pre-foreclosed homes kept their position as the source of over a fifth of U.S. home sales in the second quarter of 2012.  Twenty-three percent of all residential sales during the period were of bank-owned properties (REO) or homes in some stage of foreclosure, up from 22 percent in the first quarter of the year and 19 percent in the second quarter of 2011.

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