Bank listing foreclosures have been driving house sales in the Florida Keys, based on October home sales data from a local real estate brokerage. Overall home sales climbed up by 18 percent to 3,666 units in October.
Phoenix foreclosures soared with the eighth highest foreclosure rate among metro areas in 2009. Nearly 134,000 households were hit with foreclosure filings in 2009, a nearly 37-percent jump from the 98,000 filings in 2008.
Individuals wanting to try foreclosure investing should first consider investing in a good bank listing foreclosures to improve their probability of success by having access to the best homes available in the market.
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