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REOs and short sales now represent more than a quarter of the local housing market – this is much more than a temporary niche, according to James Harrison, RCE, CAE, president and CEO of MLSListings, Inc.

“While these listings come with their own set of special requirements, process implications and cautionary tales, more programs are coming to market designed to facilitate the process, and brokers/agents who specialize in these listings are in high demand,” Harrison notes.

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