Bank-owned properties, despite making up only about 6.6% of all houses listed for sale in Bend, accounted for more than 1 in every 3 houses reported sold in September.
According to data pulled from the MLS of Central Oregon, 139 sales of stick built houses on less than 1 acre closed escrow last month. Of these, 53 were bank-owned. In addition, 29 of the 139 sales were "short sales," which occur when a lender agrees to accept less than what is owed on the property.
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