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Foreclosures Down, Short Sales Up

(Irvine, CA)  —  Sales of foreclosed homes continue to decline in Nevada.  RealtyTrac says foreclosure sales accounted for 31% of all residential deals in the Silver State during the third quarter.

More than 5500 foreclosure sales were made in Nevada between July and September, down 51% from the same period in 2011.

Lenders were more willing to agree to short sales, which were up 46% from second quarter and 172% from last year.

RealtyTrac says nationally, foreclosure sales accounted for one out of five sales in the third quarter.

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