Report: Discounts On Distressed Homes Reach 26%

It looks like more and more banks and home sellers are reducing the prices of distressed properties that they are selling. Citing a report released by RealtyTrac, Bob Massey of REWealthCoach.com reports that the average discount on distressed homes is 26%. As for purchasing bank owned homes or REOs, buyers are likely to get discounts of about 35%, he added. Learn more about what’s happening in the foreclosure market by reading the rest of Bob’s article.

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