Fewer foreclosures may bring bigger deals

Screen Shot 2015-07-20 at 6.23.52 AMREALTOR Mag

Banks may be showing greater motivation to price at a discount some foreclosed homes they’ve had on their books for a long time, unlocking potential bigger discounts for investors, says Daren Blomquist, vice president at RealtyTrac.

As foreclosure timelines swell, some banks are taking possession of homes that have stood vacant for three years or even more, in some cases.

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