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Bank of America Corporation (NYSE:BAC): Current price $11.35
During the fourth quarter, short (“underwater”) sales of American homes, saw a greater number than did than foreclosure deals as lenders upped their efforts to dispose of troubled properties, according to RealtyTrac, which estimated that the amount of short sales reached 337,000, which was up by 14 percent year-over-year, and comprised roughly 33 of all residential transactions in the quarter.
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