The foreclosured homes are sold at discount price of 32% when compared to homes not in foreclosure in third quarter. The discount home sales increased to 29%when compared to last year.
The Foreclosure home sales are reduced due to expiration of home buyer tax credits. The foreclosure processing controversy robo signing also set a curb on demand. The discount on bank owned properties was increased and discount on defaulted homes or properties line up for sale was increased.
The abduction of home was decreased to 9% in October. The real estate experts said that the lenders are willing to negotiate prices on foreclosed properties.
The Foreclosure home sales are reduced due to expiration of home buyer tax credits. The foreclosure processing controversy robo signing also set a curb on demand. The discount on bank owned properties was increased and discount on defaulted homes or properties line up for sale was increased.
The abduction of home was decreased to 9% in October. The real estate experts said that the lenders are willing to negotiate prices on foreclosed properties.
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