Friday, September 2, 2011

Bank-Owned Homes Sold for Up to 40 Percent Less than Average Price of Other Homes

http://bit.ly/pixAyc


Your Wondering what is killing sellers all across the country? This is it and my personal opinion is that they shouldn't be considered in comps for determining value. These are not true comps, it's the result of very poor and greedy lending practices over the past few years. You make up your own ideas.



From April to June, foreclosures constituted about one-third of all home sales during the spring quarter and were "six times the percentage of foreclosures in a healthy housing market", according to The Washington Post.


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