Tagged : bank-owned properties

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housingwire.com - Homes purchased for investment purposes rose 65% in 2011 as investors looking for a place to park their cash sought out bank-owned properties, according to the latest Foreclosure News Report forĀ RealtyTrac.

Last year, 1.2 million U.S. properties were acquired for investment purposes, up from 749,000 in 2010.

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