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  2. National Community Stabilization Trust - Wikipedia

    en.wikipedia.org/wiki/National_Community...

    The National Community Stabilization Trust (NCST or Stabilization Trust) is a Washington, D.C.–based non-profit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote property reuse and neighborhood stability.

  3. Bank walkaway - Wikipedia

    en.wikipedia.org/wiki/Bank_walkaway

    The Government Accountability Office (GAO) defines an abandoned foreclosure as a mortgage that: has entered foreclosure, the servicer decides to not continue pursuing its interest in a mortgage loan (has stopped the foreclosure proceedings), the servicer has charged off the loan (considers it worthless), and; the home is vacant.

  4. A Detroit woman bought 8 fixer-upper properties in the 'most ...

    www.aol.com/finance/detroit-woman-bought-8-fixer...

    With the Arrived’s Private Credit Fund, you can invest in short-term loans that are used to fund real estate projects, such as renovations, property rehabs, or even new home construction projects.

  5. Detroit Land Bank Authority - Wikipedia

    en.wikipedia.org/wiki/Detroit_Land_Bank_Authority

    The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...

  6. Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.

  7. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.

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