SALES SLOW: Sales of U.S. homes in some stage of foreclosure fell 25 percent in the July-September period from the prior quarter and tumbled 31 percent from a year earlier, according to RealtyTrac Inc.
BIGGER DISCOUNTS: The average sales price of foreclosure properties in the quarter was $169,523, or 32 percent below the average sales price of non-distressed properties.
FORECLOSURE FREEZE: Several lenders temporarily froze some foreclosure sales due to concerns over foreclosure document processing errors. That wasn't a big factor in the third quarter, but could spell weaker sales in the fourth quarter.
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