Investor Purchases Increase in West - |

Armando Montelongo Team Blog

Investor Purchases Increase in West

Sales of foreclosed properties to investors have increased “significantly” in the last 12 months in five western states, a new report finds.

The Foreclosure Radar report for November said third-party sales of foreclosed properties, which the site interprets as sales to investors, grew significantly in Arizona and Nevada in the last 12 months.

The site has been tracking data in Oregon only since January; since then, third-party sales there have increased 142.9 percent.

Here is the data for third-party sales from the Foreclosure Radar report, with state, total sales in November 2010 and November 2011, and the percentage change (Oregon not included in totals):

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