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Strong Investment Home Sales Demonstrate Limited Need for Bulk REO Sales Program, Say Realtors®

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WASHINGTON (May 29, 2012) – Investment home purchases represented nearly one-third of all existing-home sales last year, according to a National Association of Realtors® report on second homes released today. This robust investment activity underscores the importance of limiting the government’s use of real estate owned (REO) bulk sales, as NAR recommended in a letter sent to regulators this week.

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