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Good find on bank owned foreclosed homes becoming cheaper

With the amount of foreclosed bank owned homes on the market, here is a good article on Newsweek about lenders making homes even cheaper

Bank Owned homes around the Twin Cities are also noticeably a lot less than traditional homes that are for sale. Most REO homes are selling at discounts between 15% to 30% and sometimes more. Banks are starting to get a lot of inventory and there portfolios are only expected to grow.

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By Jason Sandquist | September 24, 2008 | Filed Under Buying REO Real Estate, Foreclosure, REO 

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