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bank owned: Nearly 37 Percent Discount for Buyers of Bank Owned Homes - 03/05/11 05:34 PM
An average discount of 36.9 percent was given to buyers of bank owned homes throughout the country in the fourth quarter of last year, based on foreclosure sales data gathered by RealtyTrac.
Bank owned homes were part of the 149,303 foreclosure homes that were sold nationwide during the last quarter last year. The other units sold were still in pre-foreclosure stages when they got sold. All in all, short sale homes and bank owned homes accounted for 26.5 percent of all home sales during the quarter.
The average sale price for foreclosure homes sold was $173,747, representing an average discount of … (1 comments)

bank owned: Tampa Bank Owned Homes / Properties - 01/25/08 12:59 PM
First and foremost, for a limited time, we're featuring ► Tampa bank-owned properties on the "Red-Box Deals" on our site.
See All Tampa Bank Owned: Homes | Townhomes | Condos
In the recent weeks, we've had significant increase in inquiries for short sale homes and foreclosures. Most buyers just look at the price tag without realizing that these prices are brokers opinion only and that these prices have NOT yet been approved by the bank (lenders). To a certain extent these have been abused by some. i.e., homes normally selling for $300K may be listed for $160K, with a fineprint … (0 comments)

 
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