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When the remaining mortgage balance is higher than the actual home value, the foreclosing party is unlikely to attract auction bids at this price level. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate ...
Laidley-Summers-Quarrier House, also known as Glenwood, is a historic home located at Charleston, West Virginia. It is a two-story gable roofed dwelling in the Greek Revival style and built in 1852. [2] It was listed on the National Register of Historic Places in 1978. [1]
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
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Mattie V. Lee Home is a historic home located at Charleston, West Virginia.It stands on what was once a densely packed commercial block close to the center of a historically African-American neighborhood in Charleston.
Roughly bounded by the Kanawha River, Bradford, Quarrier, and Greenbriar Sts., Charleston, West Virginia Coordinates 38°20′16″N 81°36′53″W / 38.33778°N 81.61472°W / 38.33778; -81
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