Report: Sales of homes facing foreclosure rose in 3Q, edge out sales of bank-owned homes

  • by: ALEX VEIGA , Associated Press
  • Updated: December 5, 2012 - 11:16 PM

LOS ANGELES - Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.

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