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In all U.S. jurisdictions, a lender who conducts a foreclosure sale of real property that has a federal tax lien must give 25 days notice of the sale to the Internal Revenue Service. Failure to give notice results in the lien remaining attached to the real property after the sale.
July 30: Housing and Economic Recovery Act of 2008 changes the $250,000/$500,000 capital gains exclusion applying to second homes and rental property. [97] Year-end: A total of 3,157,806 foreclosures were filed on 2,330,483 properties during the year, up 81 percent from 2007. More than 1.84 percent of all households were in some stage of ...
In another of a long series of data that show that the housing market has healed, or even reached the point at which a new bubble has been created, RealtyTrac reported that foreclosure sales fell ...
In Boston, year-over-year prices dropped, [24] sales fell, inventory increased, foreclosures were up, [25] [26] and the correction in Massachusetts was called a "hard landing" in 2005. [27] The previously booming [28] housing markets in Washington, D.C., San Diego, California, Phoenix, Arizona, and other cities stalled as well in 2005. [29] [30]
Outside of foreclosure completions, ATTOM's report shows that 31,649 properties faced foreclosure filings, a 4% decrease from the previous month and the same period last year.
New data from research firm RealtyTrac shows that U.S. foreclosures reached 315,716 in January -- a 10% decline from December but a 15% increase from the same time last year. And the pain is ...