Mar 01, 2012
RealtyTrac: One in four sales is a foreclosure (and that’s down from last year)
01 Mar 2012
Posted by Andrew Kantor
Quoth CNN: “Homes in some stage of foreclosure accounted for nearly one in four homes sales during the fourth quarter, according to RealtyTrac.”
But that’s down a teeny bit from 2011, when it was 26 percent.
And more and more, banks are turning to short sales to get rid of their inventory.