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REO bank owned and foreclosed properties are not as high in Nebraska as in other U.S. states. This allowed home sellers in the region to maintain prices.

Bank foreclosed homes buyers trying to secure a home equity loan will face various hurdles. Analysts have asserted that not a lot of applicants get approved.

Real estate owned properties and foreclosures continue to affect the construction market of Albuquerque. The metro area lost around 2,000 jobs in the past year.

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Foreclosure houses for sale are popular among the current crop of homebuyers, realtors reported. However, most of them are looking for a well-maintained house.