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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 ...
In particular, the length of time it takes for a typical New York foreclosure process to get done is quickly approaching three years, whereas New Jersey is well over the two-and-a-half-year mark.
Because homes are generally worth a lot more today than they were a few years ago, many owners don't need to get to the point of foreclosure, which can drag down a credit score in a big way. They ...
However, when considered as an investment, that is, an asset that is expected to grow in value over time, as opposed to the utility of shelter that home ownership provides, housing is not a risk-free investment. The popular notion that, unlike stocks, homes do not fall in value is believed to have contributed to the mania for purchasing homes.
“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]
Why one homeowner could lose his home despite never missing a mortgage payment Now the mortgage lender is threatening foreclosure unless the $44,000 balance is paid in full on the spot, something ...
A firebreak or double track (also called a fire line, fuel break, fireroad and firetrail in Australia) is a gap in vegetation or other combustible material that acts as a barrier to slow or stop the progress of a bushfire or wildfire. A firebreak may occur naturally where there is an absence of vegetation or "fuel", such as a river, lake or canyon.
News reports say that as the number of mortgage foreclosures increases, so do the number of "suspicious" fires. When the fire occurs mere days before a homeowner will be forced to leave their ...