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There are REO agents who specialize in foreclosure listings. It is more common to buy a foreclosure directly from the bank in a bulk sale purchase. In bulk sales, the banks will package a bunch of properties into one transaction and sell them all at once to one entity.
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What Do Slow Foreclosures Mean For The Housing Market? – On the other hand, he said, the long process means foreclosed houses will keep coming onto the market in large numbers over the next few years, which is likely to keep home prices low for a while.
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Home prices rose over past year, another sign that market is recovering – In Phoenix, where investors have brought new life to a market flooded with foreclosed houses and other distressed properties, prices were up 21.7 percent. In Miami, prices rose 8.5 percent over the.
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Calhoun County foreclosures on decline – A collapse of the housing market triggered the Great Recession, leading to layoffs and a glut of foreclosures. Those cheap foreclosed houses in turn devalued homes across the country. “Housing drives.