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Compared to foreclosed homes, pre-foreclosure homes can often be in better condition since the homeowner is still residing in the house. Red circle with an X inside. Cons.
In March 2012, Puerto Rico contracted with Corrections Corporation of America to send as many as 480 inmates to CCA's Cimarron Correctional Facility near Cushing, Oklahoma. [14] The three-year contract was brought to a premature close in June 2013 after unit-wide fights and "disruptive events", with the inmates sent home.
Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...
“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]
The Puerto Rico Department of Housing, created in 1972, [9] succeeded the Urban Renewal and Housing Corporation, or Corporación de Renovación Urbana y Vivienda (CRUV, its Spanish acronym), [10] which was created in the late 1950s to succeed the Puerto Rico Housing Authority, created by Gov. Luis Muñoz Marín and headed by Juan César Cordero ...
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