Buying foreclosed homes – Wells Fargo Placed $14M Property on Bank Foreclosure List
Touted as the largest foreclosure case in Teton County, Texas, a commercial lot has been placed on bank foreclosure list by Wells Fargo Bank for failure of its developer, the Tatanka Hotel Development Partners to pay its $13.5 million loan with the bank. The 3.26-acre commercial property is scheduled for foreclosure … foreclosures
Because of the sharp declines in home prices across the country, many underwater borrowers are thinking of letting their homes go into foreclosure and just buy another one. With many nearby houses being sold below $50,000 and with home values declining steeply by as much as 40 percent, more and more … foreclosures
Tags: 5 Million, Acre, Bank Foreclosure, Borrowers, Buying Foreclosed Homes, Buying Homes, Declines, Development Partners, Failure, Foreclosed Property, Foreclosure Foreclosures, Foreclosure List, Home Values, Hotel Development, Lot, Nearby Houses, Property Foreclosure, Teton County, Wells Fargo, Wells Fargo Bank