Real Estate Owned property, a reminder of the housing downturn, is now a popular realm to invest in. The market is a critical one as investors seek discount prices.
The MP Report says that REO property and short sales increased by 0.7 percent in August. Quarterly distressed saturation rose from 15.4 percent to 16.1 percent.
Distressed sales rates increased the most in the West, Midwest and South. Only the Northeast experienced a decrease in distressed saturation.