REO’s – The Numbers Don’t Lie

Mar 14th, 2010 | By Clint and Mindy Cronic | Category: Featured Articles, Foreclosures, Lead Article, Real Estate Statistics

Did you know that out of 321 listings that have sold (closed escrow) since January 1, 2010, 136 of them were REO’s (Real Estate Owned By The Bank) or foreclosures? Yep, that is almost one in three homes that have sold so far this year!

Our current market has a large number of distress sales – both short sales (before foreclosure has completed) and sales after foreclosure (REO’s). For more information on these types of properties contact us at 530.227.0345.

Clint and Mindy Cronic
Next Generation Real Estate Services
530.227.0345
www.SellingRedding.com or www.ReddingBlogs.com
DRE License #s 01314114 or 01458166