Fannie Mae will sell nearly 700 foreclosures in Florida to a real-estate investment firm. The estimated sales price of $78.1 million is a slight discount off the properties’ market value of $81.5.
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Foreclosure activity continues to concentrate over just a few states. According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. "Foreclosure filing" is a catch-all term for the various "action steps" throughout the foreclosure process.
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