Bank-owned homes still selling, but not as much

Buying a foreclosed property isn’t as popular as it used to be.

Since May, the number of home shoppers willing to buy bank-owned properties dropped from 55 percent to 43 percent, according to a national survey released Tuesday by real estate data firms Trulia.com and RealtyTrac.

“We don’t know why. We’re all speculating,” said Rick Sharga, senior vice president of Irvine-based RealtyTrac.

Full story is available on San Bernardino Sun

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