2011-02-25mortgagenewsdaily.com

"Despite a sizeable drop in the fourth quarter, sales of foreclosed properties again accounted for over a quarter of all single-family home sales in 2010. Sales of foreclosed homes represented almost 26 percent of all sales during the year, down from 29 percent in 2009. The discount buyers received for these homes was 28 percent off the average sale price of a non-foreclosed property compared to a 27 percent discount in 2009."


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