Miami Tops U.S. Foreclosures as Banks Selling in Boom – Bloomberg 07-11-13

Salient to Investors: Foreclosure auctions surged last month, signaling lenders are preparing to sell a backlog of distressed properties amid rising home prices. RealtyTrac said total US foreclosure filings are the lowest since December 2006. S&P/Case-Shiller report prices for single-family homes in the Miami metro area climbed 13 percent in April from a year earlier,

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