Foreclosed Homes Account for 25% of Home Sales

December 3 2010 (Jeff Alan)
RealtyTrac has released its third quarter 2010 U.S. Foreclosure Sales Report, which shows that a total of 188,748 U.S. properties in some stage of foreclosure, whether it be by default, scheduled for auction or real estate-owned (REO), sold to third parties in the third quarter, a decrease of 25 percent from the previous quarter and a decrease of nearly 31 percent from the third quarter of 2009.

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