70 Percent of REO Properties Have Yet to Hit the Market

According to a newly-released RealtyTrac report, banks are still holding, unlisted, 70 percent of REO properties[1]. That means that of all the REO properties currently on the market, only 300,000 of the estimated million homes that have been repossessed through foreclosure are actually available for sale. The report indicates that not only have foreclosure filings […]