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Since June 1, almost 50% of the homes that have been sold and closed in Loudoun County have been REO properties owned by banks or short sales. Of the 1595 transactions completed, 786 have been distressed properties of one type or another. Earlier this year foreclosures, short sales and other distressed properties represented around 40% of the total sales.
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Good Information.
Posted by: Lease Purchase | October 02, 2008 at 12:35 PM
Great information. The news media wants you to think that home sales are not mostly resale of Bank reo's. This makes the over all market look better.
Posted by: Ray Ritchie | February 11, 2009 at 09:43 AM