Thursday, October 1, 2009

Jacksonville Real Estate

Bank-Owned, Short Sales Bolster Gains

While Jacksonville home sales have been back on the rise this year, new data suggests that almost 50 percent were bank-owned foreclosure sales or short sales, in which the properties were sold for less than their owners owed on their mortgages. Jacksonville-based Lender Processing Services Inc. released data earlier this month showing the impact of bank-owned sales - commonly referred to as real-estate owned or REO sales - on overall sales in each state. Florida's percentage was 35 percent, in line with Duval County, which was 37 percent.

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida
Cell: 904-415-0171 Email: Web:

No comments: