Report: Distressed real estate sales continue to increase

Get ‘em before they’re gone! CNBC Real Estate Reporter Diana Olick today reports that bank-owned foreclosures (also known as REOs) and short sales — both of which fall under the distressed real estate umbrella — accounted for nearly 50 percent of all home sales in Dec. 2010. The 47 percent share is up from 44.5 [...]...