There was a steep increase in the volume of bank-owned homes sold in the Memphis market through the fourth quarter, and those residences sold faster and at a significant discount compared to non-bank-owned properties.According to data from RealtyTrac, Memphis was among the top 15 markets for purchasing bank-owned properties through the most recent quarter. Compared to the year-ago period, there were 57 percent more bank-owned sales.“Short sales are on the rise as a better alternative to foreclosure…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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