Relevant:
- Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages
- Home Prices Drop in Three-Fourths of U.S. Metro Areas as Foreclosures Rise
- Home Prices Decline in Almost Three-Fourths of U.S. Metropolitan Areas
- RealtyTrac: 40 percent of Florida homes sales are foreclosures
- Foreclosure Python Snacks More Lightly: Total Delinquent First Mortgage Balances Hit Three-Year Low in March
2012-04-03 — bloomberg.com
Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody's Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc. That month, 43 percent of foreclosures were delinquent for two or more years, from a 21 percent share in 2010, according to Lender Processing Services Inc. in Jacksonville, Florida.
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