Bank-owned foreclosures account for a third of Palm Beach County’s 2011 home sales

It took less than a week for interested buyers to home in on the two-story, five-bedroom foreclosure on Salt Water Creek Court west of Lantana.

Advertised as needing a little TLC – a pressure wash of the roof, fresh paint on the trim – the Savannah Estates home joins the ranks of Palm Beach County’s sought-after bank-owned properties, sales of which made up 31 percent of the area’s total purchases during the first part of this year.

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