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

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

    Before becoming bank-owned, the property was likely available to buy as a foreclosure sale, but didn’t sell during that process. So, ownership officially transferred to the bank — the final ...

  3. Oceanwide Plaza - Wikipedia

    en.wikipedia.org/wiki/Oceanwide_Plaza

    After China-Oceanwide failed to pay its debts, the project was foreclosed on by June 2023 and listed for sale. No asking price information was released. China-Oceanwide owed $157 million to a group of EB-5 lenders and planned to repay them from the proceeds of the sale. Lendlease filed a claim in court that it should be first in line for ...

  4. Real estate in China - Wikipedia

    en.wikipedia.org/wiki/Real_estate_in_China

    Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...

  5. Penny auction (foreclosure) - Wikipedia

    en.wikipedia.org/wiki/Penny_auction_(foreclosure)

    The process—usually achieved with a combination of intimidation, threats, and physical force—effectively circumvents foreclosure by forcing the lender to relinquish the property without an opportunity to recuperate the balance of the loan. The term arose during the foreclosure of farms during the Great Depression in the United States.

  6. How many ‘vacant homes’ does China have right now ... - AOL

    www.aol.com/finance/many-vacant-homes-does-china...

    Country Garden, the nation’s largest property developer, only narrowly avoided defaulting on its debts this summer after posting a $6.72 billion net loss in the first half of the year.

  7. China considers local government purchases of unsold homes ...

    www.aol.com/news/china-considers-government...

    The property sector has been in a deep slump for years hit by a debt crisis among developers. China considers local government purchases of unsold homes, Bloomberg News says Skip to main content

  8. Housing in China - Wikipedia

    en.wikipedia.org/wiki/Housing_in_China

    The 2011 estimates by property analysts state that there are some 89 million empty properties and apartments in China, and that housing development in China is massively oversupplied and overvalued, and is a bubble waiting to burst with serious consequences in the future. [11]

  9. For sale by owner - Wikipedia

    en.wikipedia.org/wiki/For_sale_by_owner

    A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.

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