Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not ‘distressed sales,’ new data show.
Foreclosures stymie efforts to revive economy
More than two years year after the foreclosure rate began rising, a wave of distressed home sales continues to weigh on house prices and weaken a long-awaited economic recovery.
Foreclosures regaining momentum, hit 7-month high
The U.S. foreclosure rate has climbed to its highest level in seven months, suggesting that lenders are moving beyond a "robo-signing" scandal that had temporarily slowed bank takeovers,...
For the Jobless, Little U.S. Help on Foreclosure
Programs already plagued by delays and poor participation were not designed to fully address unemployment, now the primary cause of foreclosures.
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