One of the factors in the declining real estate market is the rise of foreclosed properties. Foreclosures, short sales and bank owned properties force other sellers to drop the price of their listings in order to stay competitive.Springfield now has a bank-owned property on the market on Springfield Dr. It is listed for $279,000. For more information, click on the link below:
(The blurry picture above was taken by the real estate company listing the property)
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