Tag Archives: distressed properties
Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews
The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On …
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Foreclosures Hit 5-year Low
Foreclosure activity hit a 5-year low in September 2012 according to RealtyTrac, a national resource on distressed properties, with only 180,427 filings for the month. Overall, the numbers were down 7% from August and 16% from September 2011. Last quarter …
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