Bank-owned homes are back on the market | Armonk NY Real Estate

A new article from reports that banks are no longer holding onto distressed properties.

Instead, economists quoted in the article are backtracking on previous forecasts suggesting that banks will continue to sit on inventory.  

The report says banks are now quick to increase their foreclosure filings and launch short sales and other property disposition actions when appropriate.

The report attributes the increase in inventory movement to the national mortgage servicing settlement with attorneys general in 2012, which kick-started the process.

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