Are Foreclosures a Better Buy Than Short Sales?

Consumers may find buying a bank-owned home better than buying a short sale. Increasing REO inventory, deeper discounts, and shorter times to close can make foreclosures a more attractive option to home buyers, according to new data from RealtyTrac.

The average sales price of a bank-owned home is at least 30 percent below the average sales price of a non-distressed home, according to RealtyTrac’s analysis.

RealtyTrac identified some of the following best markets to buy bank-owned homes: read more

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