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Bank-owned homes and short sales were 23 percent of all 2011 sales

from The Associated Press via USA TODAY

Bank-owned homes and short sales last year accounted for the smallest slice of overall sales in three years but still made up nearly a quarter of all U.S. homes sold in 2011. Some 907,138 sales were made last year of foreclosed-upon homes and others that were in some stage of the process. They represented about 23 percent of all home sales in 2011, foreclosure listing firm RealtyTrac Inc. said. more

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