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Bank owned homes continue to rise in California, but an alternative to foreclosure is not getting support. Banks are said to be slow in approving short sales.

The number of bank owned rental property in Puget Sound may be dipping. Real estate developers are now being talked into unloading more of their remaining units.

This noble attempt to dminish the bank owned foreclosures has been designed to recompense homeowners who have decided to sell their home at lower price.

Sales of existing houses and bank owned rentals surged in most metro areas of Florida last year. The whole state also recorded higher sales in the existing residential property market in 2010.

Realtors in several areas of New York are optimistic that sales of foreclosed houses and bank owned condominium properties will grow in 2011. According to them, the low prices will draw buyers.

Contracts to purchase bank owned repos and other residential properties are expected to rise in California. For 2011, realtors predict more buying activities.

Prices of bank owned homes for rent continue to drop in Florida. December housing prices reports showed that rates were almost level with 2002 prices in some areas.

Bank owned rental homes increased in number in some areas of North Carolina in the past few years. The rentals are challenging condos for a share of the market.

Bank owned residential properties and foreclosed property sales declined in Virginia last year. However, some counties are still mired in foreclosure problems.

Bank owned rental properties and foreclosures caused home building to slowdown in Omaha. However, builders stated that there is a positive side to all of this.

Bank owned land and residential properties in Minneapolis are gaining the interest of buyers. Home pending sales were up in the area in January from a year ago.

Bank owned rentals and apartments are in high demand in Salt Lake City. This has resulted in a number of properties getting converted into rental dwellings.

Bank owned home listings auctions have risen in Virginia in the past years. This also led to a rise in the number of firms offering help to troubled homeowners.

Bank owned land foreclosures and distressed homes continue to drag housing prices down in Philadelphia. Sales of existing dwellings were also down in February.

The housing market is enjoying a boost from the huge demand for bank owned homes for rent and other rental properties. This softens the foreclosure crisis blow.

Bank owned homes or real estate owned homes as they are more popularly are properties that have been seized from the owners by the lenders due to non-payment of mortgage.

To concentrate on reducing their bank foreclosures inventory, Bank of America will no longer offer reverse mortgages. Instead, they will make more traditional mortgages.

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The number of new houses sold in the U.S. in November was less than what economists predicted. According to analysts, unemployment and the presence of listings of bank-owned homes affected the result.