>Foreclosure Sales Flood Market
By AnnaMaria Andriotis
Foreclosures and other distressed properties account for more than a third of all home sales, and data released today suggests that figure may soon grow even bigger.
Lenders in January took back nearly 91,100 distressed properties, which includes foreclosures and short sales, up 29% from the previous month, according to data released this morning by LPS Applied Analytics, which tracks mortgage performance. In the next few months, experts say those homes will make their way back to the market to join the already high percentage of distressed homes being snatched up by buyers.
https://blogs.smartmoney.com/advice/2012/03/06/how-foreclosures-distort-home-sales/