Buyers of Bank Owned Homes Got Substantial Price Discounts
Home buyers throughout the nation got significant price discounts when they bought bank owned homes in 2010, based on a report from RealtyTrac. Banks sold their real estate owned homes at an average discount of 36.3 percent in 2010, higher than the 33-percent average discount they gave in 2009. The discount rates were based on the average prices of non-foreclosure…
Read More »