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Heard that you can score a great deal when you buy a foreclosure home for real estate investments? Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures ...
Santa Barbara, Calif. Average short-sale price: $283,825. Average discount vs. non-distressed sales: 42.69 percent. Short-sale purchases in Santa Barbara rose 107 percent in the fourth quarter of ...
The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the lender to relinquish the property without an opportunity to recuperate the balance of the loan. The term arose during the foreclosure of farms during the Great Depression in the United States.
In Baltimore, one in 10 homes sold during the first half of 2011 cost less than 10 grand. Ditto for foreclosure-plagued Detroit, where a search of our real estate listings turns up more than 1,000 ...
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.
Cover of the 1916 catalog of Gordon-Van Tine kit house plans A modest bungalow-style kit house plan offered by Harris Homes in 1920 A Colonial Revival kit home offered by Sterling Homes in 1916 Cover of a 1922 catalog published by Gordon-Van Tine, showing building materials being unloaded from a boxcar Illustration of kit home materials loaded in a boxcar from a 1952 Aladdin catalogue
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The stock market crash on Black Tuesday and subsequent economic turmoil reified the formerly abstract risks endemic to the 1920s mortgage market: borrowers could no longer afford even moderate monthly payments and the recompense afforded by foreclosure on a lien did little to ameliorate many institutions' financial standing: between 1928 and 1933, home prices declined by nearly 25.9% ...