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Topic: Bank Foreclosures Sale

Bank Foreclosure Homes Up 38% in Past Year

 

Bank Foreclosures SaleLos Angeles, CA — Bank Foreclosures Sale, an online leader in the bank owned homes listings and foreclosure information industry, announced today that bank foreclosures were up 5% in the second quarter of 2010. With 269,960 bank repossessions recorded, a new quarterly record was set for bank repossessions, which are up a staggering 38% from the second quarter of 2009.

The news comes as a good sign for buyers and foreclosure investors looking at buying REO or bank owned property. While the larger foreclosure property market actually decreased 4% during the second quarter, bank foreclosure repossessions mark an area where a surplus of properties could be a source of better deals. «Read the rest of this article»

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