Industry NewsMarkets & Economy

Foreclosure-related sales double in select metros

Report: Price index falls in most of 25 areas tracked
Published on Apr 7, 2009

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by CareyBot

Motivated sales -- defined as sales to third parties at foreclosure auctions and sales of foreclosed homes by financial institutions and foreclosure service firms -- accounted for about one-third of all transactions in 25 metro areas tracked by data and analytics company Radar Logic, according to a report for January 2009 released this month.

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