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Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit the market and drove down prices nationwide. While foreclosure rates since then have fallen ...
The upside of buying a foreclosure is that you might pay a lower price than you would for a home being sold under normal circumstances. But right now, you might struggle to even find a foreclosure ...
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Foreclosed homes often come with a variety of repair and financial issues that can add up to major expenses. Before starting your property search, make Hidden costs of buying foreclosed properties
American Homeowner Preservation, Inc. (AHP) was established in October 2007 as a non-profit organization focused on helping homeowners at risk of foreclosure stay in their homes. In May 2008, an office was opened in Cincinnati.
“Foreclosure floodwaters receded somewhat in 2010 in the nation’s hardest-hit housing markets. Even so, foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep fault-lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.” [30]