Foreclosure homes – Karousos Building Headed for REO Property Listing
The Fall River, Massachusetts-based building owned by chef George Karousos is scheduled to be placed on REO property listing for sale. In a legal advertisement, mortgage holder, Sovereign Bank announced that the building will be on REO property listing for sale on June 30. The repossessed property is owned by …
Source: www.foreclosurelistingsnationwide.com
75 Percent Avoid Foreclosed Home Listings but Will Redefault
An estimated 65 to 75 percent of homeowners whose mortgage loans were modified to save them from foreclosed home listings are expected to redefault within a year, according to studies by New York City-based ratings firm Fitch Ratings. The company based its projections on data that showed decreasing disposable income, rising …
Source: www.foreclosurelistingsnationwide.com
Tags: Disposable Income, Fall River Massachusetts, Fitch Ratings, Foreclosure Homes, Home Listings, Legal Advertisement, Mortgage Holder, Mortgage Loans, New York City, Reo Property, Repossessed Property, Sovereign Bank