Distressed sales slow to 1 in 10

Short-SaleBy Jann Swanson | Mortgage News Daily

Only slightly more than 10 percent of all home sales in December were distressed properties. CoreLogic said on Wednesday that sales of lender owned real estate (REO) accounted for 6.9 percent of sales and short sales for 3.4 percent. The combined total of 10.3 percent was down 2.8 percentage points from December 2014 and was 1.5 percentage points below those sales in November.

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