Distressed and foreclosed homes sell for bigger discounts - 09/22/11 11:51 AM
The share of bank-owned homes and homes in some stage of foreclosure dropped 5 percent from the first quarter to the second quarter, falling from 36 percent to 31 percent, but was up from 24 percent in second-quarter 2010, according to a report released today by foreclosure data provider RealtyTrac.And distressed properties are selling at a larger discount these days, RealtyTrac reported:• The average sales price of a bank-owned (also known as real estate owned or REO) home was $145,211 in the second quarter, which was about 40 percent below the average sales price of a nonforeclosure home. That compares with … (0 comments)

 
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Douglas Pemberton

San Clemente, CA

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White Water Realty Inc.

Address: 608 Avenida Victoria, San Clemente, Ca, 92672

Office Phone: (949) 273-0018

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Known for his impeccable work ethic, well rounded grasp of the market, impressive negotiating skills, & overall business acumen, Douglas Pemberton has developed a strong reputation among his clients & colleagues as a premier agent in Southern California. Beginning early on with a career in Title Insurance, Appraisal, Termite Inspection, Construction and Computer Consulting, Douglas is accustomed to working hard, being accountable, & providing results.


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