Not exact matches
Experts note that absentee
owners have less to lose
during a
foreclosure than traditional homeowners, even if tenants are evicted
during the process.
«The millions of homes built
during the boom have created a drag on the current market as the
owners surrender them to
foreclosure.
During tough economic conditions such as housing market downturn or period of high unemployment, it may be necessary for home
owners to look at various options to avoid
foreclosure.
@Ian N. I bought an 8 unit building in
foreclosure from Wells Fargo after the
owner abandoned it after a tree fell on it
during a wind storm.
Early
during the Housing Bust,
foreclosures forced many former
owners to become renters, often in the same homes or neighborhoods where they previously resided.
More than 2 million home
owners who were foreclosed on or were in the process of a
foreclosure during 2009 or 2010 can now ask for a review of their case, banking regulators announced this week.