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After the sale, the 11 unit owners received letters saying that they or their lenders would each receive between $31,000 and $34,219 for the sale of their units.
After the slowdown in housing sales due to the United States sub-prime mortgage crisis, [12] the firm marketed its services to financially distressed home owners who were facing foreclosures and looking for a quick sale. [13] Holding company Franchise Brands LLC acquired majority interest of the firm on June 11, 2008. [14] 2017
Year-end: A total of 846,982 properties were in some stage of foreclosure in 2005. [50] 2006: Continued market slowdown. Prices are flat, home sales fall, resulting in inventory buildup. U.S. Home Construction Index is down over 40% as of mid-August 2006 compared to a year earlier.
Bargain Network reported this week based on estimates that U.S. home foreclosures are on the rise. Foreclosures represent a growing opportunity for investors and first-time home buyers looking to ...
Foreclosure stripping is the process in which the owners of a foreclosed property will remove fixtures and fittings from the property in an attempt to salvage some of their investment. Malicious foreclosure stripping is done by home owners who render damage throughout the property to significantly decrease its value and cause the foreclosing ...
By Les Christie NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight. Among the ...
Jones v. Flowers, 547 U.S. 220 (2006), was a decision by the Supreme Court of the United States involving the due process requirement that a state give notice to an owner before selling his property to satisfy his unpaid taxes.
Paul Sakuma/AP By Elvina Nawaguna WASHINGTON -- Foreclosure activity across the United States fell 1 percent last month, as banks scheduled fewer auctions even as they reclaimed more homes, a ...
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