Foreclosures in the U. S. made up about 1/3 of all homes sales April to June.  In a healthy market sales that is about 6 times the percentage of foreclosures.  Foreclosure sales would have been much higher if banks hadn’t slowed their foreclosure processes while state & federal officials continued to investigate possible faulty practices.  Foreclosure sales – which include homes purchases after they receive a notice of default OR already repossessed by lenders – peaked 2 years ago at 37.4% of sales in the U. S.  During the same period 2010, foreclosures are now down 11%.  Nevada has the highest with foreclosures totally 65% of all sales & Arizona next with 57%.  Foreclosed homes continue to sell for less than other homes or about 40% less than average price of other homes, BUT usually NOT IN AS GOOD CONDITION AS OTHER HOMES.  Sales of homes in the foreclosure process or short sales sold for 21% less than the average home sold.