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Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California. It publishes a monthly U.S. Foreclosure Market Report. [1] [2] [3]
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 25 days ago The housing market ...
Clear Lake is a census-designated place (CDP) in Pierce County, Washington, north of the town of Eatonville.The population was 1,419 as of the 2010 census.The name comes from that of the lake of the same name located in the middle of the census-designated place.
[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]
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