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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 ...
Springfield is considered to have a "mature economy", which protects the city to a degree during recessions and inhibits it somewhat during bubbles. [84] Springfield is considered to have one of America's top emerging multi-cultural markets—the city features a 33% Latino population with buying power that has increased over 295% from 1990 to 2006.
In 1927, faced with mounting debt, the SF&C ceased operation and was sold at foreclosure. The line was scrapped in 1928. The only surviving equipment of the SF&C is the 32'9" eight-wheel Combination Baggage-Passenger car #10, manufactured by the Wason company of Springfield, MA in 1896.
The Saltonstall family held the property in the late 18th century, when a 30-acre (12 ha) parcel with the house on it was taken by mortgage foreclosure by George Watson, brother-in-law to Richard Saltonstall.
In 2011, three of the six states, Connecticut, Maine and Vermont, were among the ten states with the greatest backlog of foreclosures needing court processing, ranging from an estimated 20 years for Connecticut to 16 years for Maine. The U.S. average was eight years. [22]
During the 2008 financial crisis, the Springfield Republican and Pioneer Valley Planning Commission lauded the project as one of Holyoke's most successful housing developments as the owner-occupied homes, marketed toward low-income families, saw a markedly lower foreclosure rate than Hampden County taken as a whole. [11]
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