More Commercial Properties on Bank Foreclosure (Reo properties) List Expected
Real estate industry experts are anticipating an increase in the number of New York commercial properties on bank foreclosure list this year. They pointed out that many short-term commercial property mortgages are due for refinancing. The commercial real estate market took longer than the residential real estate market to go sour. … short sale foreclosure
About 102 properties on repo home listings across North Carolina and South Carolina were auctioned off at bargain prices at the Marriott City Center in Charlotte. What made this auction noteworthy were the very low prices attached on most foreclosed properties on sale. Many investors and buyers had a field day … short sale foreclosure
Last March, the Obama Administration, in its effort to provide relief to troubled homeowners and reduce the number of homes in foreclosed homes listings, launched a housing program that targets as many as 4 million of these distressed borrowers. The said program involved as much as $50 billion in funds, … short sale foreclosure
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