Tuesday, November 9, 2010

nearly 1 million REOs now on RealtyTrac!

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RealtyTrac (logo) The Foreclosure Authority™    
It's a buyer's market for bank-owned bargains.
Record bank repossessions & scheduled foreclosure auctions in Q3
Lenders foreclosed on more than 288,000 properties and scheduled foreclosure auctions on more than 372,000 properties in the third quarter of 2010 - both record highs for a quarter, according to the RealtyTrac U.S. Foreclosure Market Report. Read Full Report

The record bank repossessions brought the total number of active bank- owned properties on RealtyTrac to nearly 1 million nationwide - many of which are available for sale now. Simply contact the listing agent posted on RealtyTrac, or click the "Make Offer" button on our Bank Hot Properties to submit your inquiry electronically. How it Works
Is it still safe to buy a foreclosure?
Sharga video In light of the recent questions surrounding foreclosure process paperwork, some buyers and investors are wondering if it’s still a good time to buy a foreclosure. In this short video, RealtyTrac’s Rick Sharga explains why it’s still a good time to buy and what precautions you can take when you buy. View video

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