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2. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Increasing foreclosure rates increases the inventory of houses offered for sale. The number of new homes sold in 2007 was 26.4% less than in the preceding year. By January 2008, the inventory of unsold new homes was 9.8 times the December 2007 sales volume, the highest value of this ratio since 1981. [ 78 ]

3. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   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 ...

4. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   When a provision of law requires that repossession takes place, the lien holder has a non-delegatable obligation not to cause a breach of the peace (which is synonymous with disturbing the peace) in performing the repossession or the repossession will be reversed, and the party ordering the repossession will be liable for damages (or the lienholder will be held responsible).

5. One bank solves glut of repossessed homes with wrecking ball

   www.aol.com/news/2009-05-05-one-bank-solves-glut...

   I wrote recently about a problem many communities are facing: ghost neighborhoods filled with empty, repossessed houses ripe for crime. Some cities, anxious to maintain property values, have taken ...

6. ABSA v Sweet - Wikipedia

   en.wikipedia.org/wiki/ABSA_v_Sweet

   ABSA Bank Ltd v Sweet and Others [1] is an important case in the law of contract in South Africa. It was heard in the Cape Provincial Division May 12, 1992, by Tebbutt J, who delivered judgment on June 19.

7. AOL - Finance News & Latest Business Headlines - AOL.com

   www.aol.com/real-estate

   There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. Reuters 1 month ago US single-family housing starts surge; permits up slightly