Foreclosed homes account for 39 percent of Feb. 2011 real estate sales

“… buyers ? largely investors ? are snapping up homes at bargain prices.” – Lawrence Yun, Chief Economist, National Association of Realtors� Cash-laden investors are cherry-picking discounted foreclosure, short sale and other distressed real estate deals at an increasing rate, according to the latest report from the National Association of Realtors� (NAR). In fact,�distressed properties [...]

Source: http://blog.foreclosure.com/2011/03/foreclosed-homes-account-for-39-percent-of-feb-2011-real-estate-sales/

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