Realty Trac Releases its Q2 Foreclosure Sales Report



Realty Trac recently released its sales reports for foreclosures in the US during the second quarter of the year. This report shows sales of homes in some stage of foreclosure, or which were owned by the bank accounted for 23% of all residential sales during the second quarter, slightly up from 22% during the first quarter

Banks View Short Sales as Better Option



America’s banks are more willing than ever to embrace a short sale in order to avoid the costly process of foreclosure, according to latest statistics from RealtyTrac. Over the last three months of 2011, there was a 15% increase in the number of short sales, totaling some 88,000 altogether

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