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Foreclosed Home Sales Trending Up, Report Says

IRVINE, CA-While foreclosures increased 3% in January over the previous month, sales of foreclosed homes increased from 20% to 24% of total residential sales from third- to fourth-quarter 2011.

By Carrie Rossenfeld | Updated on March 02, 2012

(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22^nd in Los Angeles).

IRVINE, CA-Sales of foreclosed and, most notably, pre-foreclosed homes are increasing as lenders become more aggressive in their push to dispose of distressed assets more quickly, says Brandon Moore, CEO of RealtyTrac, which this week released its Q4 and Year End 2011 US Foreclosure Sales Report. The report found that sales of foreclosed homes rose 4% between third- and fourth-quarter 2011 as a segment of total residential sales for the quarters.

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