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Monthly Archive for: September 2012

Banks Reduce Their Foreclosure and REO Portfolios

Posted September 19, 2012

Real estate investors eager to snap up foreclosed properties encountered fewer opportunities during the second quarter, mostly due to banks controlling the number of Real Estate Owned (REO) properties listed for sale. According to a recent report by real estate analytics firm RealtyTrac, banks are currently holding more than 620,000 properties acquired through the foreclosure…(Continue Reading)