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“Even though foreclosures are spiking, it’s not the big deal everyone is making it out to be. We are just reaching a more normal level of foreclosure filings,” said Brian Wittman, owner/CEO ...
A large societal problem associated with foreclosure stripping is devaluation of property in the local area. [2] Because homes are being sold as incomplete, the prices are much lower than others in the area, which brings down the local average property value.
The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 1 month ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
In a weak market, the foreclosing party may set the starting price at a lower amount if it believes the real estate securing the loan is worth less than the remaining principal of the loan. Time from notice of foreclosures to actual property sales depends on many factors, such as the method of foreclosure (judicial or non-judicial).
[20] [21] Since the 2010 crisis, 62 million mortgages are held in the name of MERS, [22] and MERS has initiated thousands of foreclosures in the United States, claiming to be the mortgagee of record. Lawyers have contended in court that MERS has no legal right to initiate a foreclosure, because MERS does not own the loans in question.
The following are approximate tallies of current listings in Florida on the National Register of Historic Places. These counts are based on entries in the National Register Information Database as of April 20, 2018 [2] and new weekly listings posted since then on the National Register of Historic Places website. [3]