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

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.

Bank owned condo foreclosures and foreclosed residential properties had precipitated lifestyle changes. In California, most communities have already adjusted.

Bank owned REO and foreclosed property numbers jumped in Alabama in February 2011 compared with month-ago levels. The increase from January was more than 20%.

Bank owned condominium units might soon become attractive again. Rental rate increases are being predicted and renters are expected to look for alternatives.

Bank owned foreclosure auctions offer some of the cheapest residential properties in the U.S. However, majority of Americans still prefer to rent than buy.

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 foreclosure properties remain unsold in Missouri as potential buyers wait for the winter to end. Snow storms have reportedly put consumer spending on hold.

Bank REO properties for sale and foreclosure numbers remain high in California. Realtors are promoting short sales in an effort to stop foreclosure increases.

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Everyone has definitely heard about foreclosure investing as a profitable venture. But before you indulge in some buying spree, here are some things that you need to know about bank owned properties.

Bank owned homes and foreclosures might soon decline in Texas as delinquency numbers drop. The state posted a delinquency rate decline in the fourth quarter.

Bank owned condominiums and foreclosures affected most people in Michigan, even police officials. The city of Detroit has launched a program to assist them.

Real estate owned properties and other foreclosures owned by non-local people are falling into disrepair in Michigan. A number of them can be found in Detroit.

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.

Despite the low prices of bank owned REO homes in Texas, most areas of the state have higher number of renters than homebuyers. Demand for apartments in certain areas of the region rose in 2010.

Home ownership became more expensive in Chattanooga since 2000, according to housing market data. Analysts stated that supplies of foreclosures and bank owned repos played a role in increasing costs.

Bank owned land and other cheap pieces of undeveloped real estate are gaining the interest of investors. In Minnesota, a farmland was bought by a REIT recently.

Bank owned repo home listings and foreclosure numbers increased in most metro areas of Utah in 2010. The increase was largely attributed to unemployment.