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  2. Bank-owned properties: What are they and where can I ... - AOL

    www.aol.com/finance/bank-owned-properties-where...

    Key takeaways. Homes become bank-owned properties after homeowners default on their mortgages and the bank forecloses. If no one opts to buy a foreclosure home at auction, the bank or mortgage ...

  3. How to Buy Foreclosures - AOL

    www.aol.com/news/2010-08-16-how-to-buy...

    Anthony Jackson, a second-grade teacher in Chicago's metro area, says the key to buying a foreclosure is to "strike early once you see the listing" and "don't bid too low." Jackson bought a bank ...

  4. Is It Smart to Buy a Foreclosed Home? Weighing the Pros & Cons

    www.aol.com/lifestyle/smart-buy-foreclosed-home...

    Heard that you can score a great deal when you buy a foreclosure home for real estate investments? Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures ...

  5. 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.

  6. Bank walkaway - Wikipedia

    en.wikipedia.org/wiki/Bank_walkaway

    The GAO found that in the period January 2008 to March 2010, mortgage servicers charged off 46,000 properties, with 60 percent of the charge-offs occurring before an initial foreclosure filing was made. In this period, Detroit, Michigan had the highest number of bank walkaways, with Chicago, Illinois being second.

  7. Occupy Homes - Wikipedia

    en.wikipedia.org/wiki/Occupy_Homes

    Everybody, including the bank, would have been better off reducing his balance to an affordable level." [15] [20] In Atlanta, Occupy Our Homes activists went to the courthouses in three of the area's largest counties to disrupt the foreclosure auctions happening there. The group is demanding an immediate moratorium on all foreclosures. [15]

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