The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.
Read More »Real Estate Capital Firm Provides Online Information on Bulk REO Properties for Investors
The practice of purchasing bank-owned properties in bulk quantities has become popular among investors in recent years, particularly at the height of the foreclosure wave in 2010 and 2011, because the properties can be bought at a fraction of the market value and then flipped for a profit.
Read More »Distressed Homes Discount Averages 37 Percent in September
Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to RealtyTrac's Q3 2014 Residential and Foreclosure Sales Report released Tuesday.
Read More »Percentage of Short, Distressed Sales Falls to Three-Year Low
Short sales and sales of distressed properties (those that are in foreclosure or bank-owned) accounted for 12.7 percent of all residential home sales in the U.S. in the third quarter, according to RealtyTrac's Q3 2014 Residential Sales Report released today.
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