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Distressed Home Sellers Are Growing

First  American Core LogicAccording to the “Distressed Home Sellers Report” released by First American CoreLogic, distressed home sales are on the rise again, accounting for an incredible  29% of all home sales – and the number is growing.

Of all home sales in 2009, nearly 1 Million were classified as distressed, which includes bank owned (REO) sales and homes sold via a short sale.

Real estate professionals should keep their eyes on the distressed property numbers, has been a very important part of the market for a while now, and over the next few years we expect the numbers to increase.

What are you doing to set up your business to help these distressed sellers?

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