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In the USA, the popularity of FSBO has been increasing since the late 1980s, with real estate website Zillow reporting a doubling of listings between 2012 and 2014 (up to 4%). ForSaleByOwner.com saw 24% growth in 2013, and StreetEasy reports that New York City FSBO listings increased by nearly 30% in that same period. [ 5 ]
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
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The properties are distributed across Harris County. There is a concentration in "Downtown Houston", defined as the area enclosed by Interstate 10, Interstate 45, and Interstate 69. More than 100 are in the "Houston Heights" neighborhood whose borders are, approximately, Highway I-10 on the South, I-610 on the North, 45 on the East and Durham ...
The 735,000-square-foot (68,300 m 2) Bank of the Southwest Building was completed in 1956. [3] Aetna Insurance sold the building to Transworld Properties in 1994 for $28 million. In 1996, the owners of the Bank One Plaza released Koll Real Estate from its management contract and hired PM Realty to manage the building. [4]