Renovation-Radio.com: NPR Reports On Record Foreclosures In 2010 Which Sell For 26% Less Than Homes Not In Foreclosure (Audio)

Nearly one in four homes sold in the second quarter of this year were foreclosures, according to the research firm RealtyTrac. The company estimates banks will take over a record 1.2 million homes this year — up from a million last year. Those foreclosed homes sold for 26 percent less compared to homes not in foreclosure.