Tuesday, January 7, 2014

Banks Aim to Clear Foreclosure Backlogs

Banks Aim to Clear Foreclosure Backlogs
“Lenders know there’s now a much better chance they can get those properties sold, so they’re moving to do that,”
But now that prices are rising in most markets, the backlog of bank-owned homes is being trimmed quickly. With tight inventories of homes for-sale in many cities, banks are seeing opportunity in getting repossessed homes back on the market faster for a quick sale, analysts say. #Homes' Days-on-Market Remain Low in November. read more

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