Morning Minute: Foreclosure sales rise in 3Q, RealtyTrac reports

According to the latest RealtyTrac report, the sale of U.S. homes in foreclosure (including homes in the pre-foreclosure process as well those already possessed by the bank) rose 21 percent in the third quarter compared to the second quarter of 2012, but were 3 percent lower compared to last year, Reuters reports. In the Chicago area, pre-foreclosure sales climbed 65 percent when comparing year-over-year, the Chicago Tribune reports.

In other news:

Short sales outpacing sales of bank-owned homesThe Southern

Mortgage rates tick up, above record lowUSA Today

 

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