Archive for the ‘Home Sales - Foreclosure’ Category

Most Expensive Foreclosed Residence Sells

(December 16th, 2011 under Home Sales - Foreclosure)

“According to San Francisco real estate blog SocketSite.com, lender Bank of America, which picked up the deed to the 20,000-square-foot penthouse in lieu of foreclosure back in July, just sold the condo, which was listed at $35 million, which would make it the most expensive residential sale in the city’s history.

Still, the price is half of what [...]

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Foreclosure Related Home Sales Account for 28% of Market

(May 26th, 2011 under Home Sales - Foreclosure)

“Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales — a share nearly six times higher than what it would be in a healthy housing market.

Foreclosure sales, which include homes purchased after they received a notice [...]

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