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RealtyTrac September 2014: Top Five Foreclosure States

By on November 13, 2014 in Market Updates, Mortgage Infographics

According to RealtyTrac, the nation’s leading source for comprehensive housing information, there are a total of 1,039,021 properties currently in some state of foreclosure as of October 2014 increasing by as much as 15% from the last report in September. Though the percentage of properties increased when compared with September’s report, it is still 8% lower than the previous year in October.

Darren Blomquist, Vice President at RealtyTrac comments in regards to October’s Report,

“There is still strong demand from the large institutional investors at the foreclosure auction in some markets, but even in markets with decreasing demand at the foreclosure auction, banks can be confident in selling REO properties quickly and at a good price. That’s because there is still strong demand from buyers, particularly in the lower price ranges, combined with a dearth of distressed homes listed for sale.”

Here is a quick overview of October’s Foreclosure Analysis:

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About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. .
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