More Problems Assets Exit Banks: Number of foreclosed properties owned by most financial institutions is falling (Crain’s Cleveland Business)

The volume of foreclosed properties owned by most local banks fell last year by double-digit percentages, in some cases by the steepest rates since the foreclosure crisis struck — a corner bankers say was turned thanks to an improving real estate market and fewer properties going into foreclosure. Institutions big and small reported that they carried as of Dec. 31 the lowest level of…

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