bank owned properties: THREE YEAR LOW OF FORECLOSURES!!!!! - 05/12/11 02:52 PM
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bank owned properties: Foreclosure Activity Declines in October - 11/19/10 11:51 AM
Foreclosure Activity Declines in OctoberForeclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 332,172 U.S. properties in October, a 4 percent decrease from the previous month and nearly the same level from a year ago, RealtyTrac reported this morning. One in every 389 U. S. homes received a foreclosure filing during the month. Some 92,236 U.S. properties were foreclosed on in October, a decline of 9 percent from September, but foreclosures were still up 21 percent from October 2009. A total of 100,575 U.S. properties received default notices in October, a 2 percent decrease from the previous
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bank owned properties: Things to know when buying a bank-owned property - 05/15/09 11:36 AM
There are many people who are beginning to take advantage of the post-bubble home prices of bank owned properties to make a housing purchase before the chance is gone. If you are one of them, there are some things you should know before you make an offer. Banks have no emotional ties to influence their side of the negotiation. The only thing banks care about is the amount of money in the offer. They often won’t accept that low-low-ball offer, but will accept some offers below the listing price. If your offer is too low, the bank will simply reject it.
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