According to a report from RealtyTrac, the online marketer of
foreclosed properties. Las Vegas has so many foreclosures that
53% of all the homes sold in Nevada are in some stage of
foreclosure. Foreclosures represent 45% of sales in California
and Arizona, and 28% of all existing home sales during the first
three months of 2011. What's more, the homes are selling at
steep discounts, especially so-called REOs, bank-owned homes that
have been taken in foreclosure procedures. The average REO cost
on average about 35% less than comparable properties, according
to RealtyTrac.
The author of this article is usually very accurate in his foresight.
Read more at ... http://www.smartrealestatenews.com/
