Sales Of Distressed Homes Plunge 31%

Home foreclosure sales plunged 31% in the third quarter compared with a year earlier, down 25% from the previous quarter, according to RealtyTrac.

  • 02 Dec 2010

Home foreclosure sales plunged 31% in the third quarter compared with a year earlier, down 25% from the previous quarter, according to RealtyTrac. James Saccacio, ceo of the online foreclosure site, said the current controversy over foreclosure processing “could chill demand even further—particularly for foreclosure properties.”

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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