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Foreclosure properties are reported to be rising at the end of 2015. Reports indicate that bank repossessions of foreclosures rose 66% in this year's third quarter, over last year. As the economy has recovered, bank foreclosures have been in decline for some time, and the number of REO properties on the market has reflected this recent decline as well. If you're looking to purchase foreclosed properties as an investment, or as a buyer seeking to save a little money to spend on a fixer-upper project, keep an eye out as new properties begin to come on at the end of the year, and into 2016.
Based on information from the Lawrence Multiple Listing Service. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated: 1/19/2020. © Copyright 2020 Lawrence Board of REALTORS®. All rights reserved.