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The primary reason for bank walkaways is that a bank expects to lose money by foreclosing – when proceeds from a foreclosure sale are expected to be insufficient to cover the cost of the foreclosure itself, together with securing, maintaining, and marketing the home for sale. Thus, if the bank were to foreclose (taking ownership) and then ...
D&D Realty Group to make former George D. Harter Bank building a 30-unit housing complex with a local market on the ground floor. Former Harter Bank in downtown Canton to get $7.5M makeover into ...
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
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The Canton Corner Historic District is a historic district encompassing the historic town center of Canton, Massachusetts. Centered on the junction of Pleasant and Washington Streets, it includes more than 25 properties and 170 acres (69 ha), whose architectural history spans 250 years of occupation and include the town's major civic buildings.