Foreclosure listings – Study: Foreclosures, Cheap Houses for Sale in Four States
have both analyzed the foreclosure market in 35 metropolitan areas, 236 counties and 50 states. how to buy foreclosures
Despite the rising number of cons and scammers victimizing homeowners distressed by foreclosure listings, most prosecutors are still filing only civil actions against them. Civil actions only aim to recover victims’ losses; they do not put fraud perpetrators in jail.
North Carolina‘s attorney general Roy Cooper said it is difficult for his office to launch investigations on misdemeanors. Only a few states have attorney general offices that are able to launch efforts to file criminal charges and seek jail time for swindlers focusing on foreclosure listings. how to buy foreclosures
The crash of the housing market resulted to a flood of foreclosures which in turn sent home prices spiraling downward to their lowest level.
According to RealtyTrac data, a total of 290,631 houses received auction notice or default or were repossessed by lenders in February 2009. how to buy foreclosures
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