Using money saved from a job and borrowed from his grandmother, he bought a foreclosed condo in north Pinellas County for $ 67,000. He did some inexpensive renovations and flipped it for $ 125,000 Now foreclosures are very rare,” he said.
Living in a renter's paradise: Renters now dominate over half of largest US cities. Between 2007 and 2016 approximately 7.8 million homes lost to foreclosure. Foreclosure News
During the worst of the housing crisis, foreclosures were everywhere. Vacant, boarded-up homes with overgrown lawns out front littered the streets of the nation, turning blocks into ghost towns and dragging down neighboring property values. Foreclosure News
The National Black Theatre, a cultural institution in Harlem, is gearing up for a major revamp. According to The Real Deal , the theater is teaming up with L+M Development Partners to redevelop the site, which fronts a full block of Fifth Avenue between 125th and 126th streets, into a mixed-use building. Foreclosure News
Lenders since early last year have been scheduling foreclosure sales for the 175-acre property on the Dallas North Tollway. But starting in October the mortgage holders backed off while project owner Thomas Land & Development worked on a new financing package for Wade Park. Foreclosure News
A newspaper investigation has found that property speculation is causing dysfunction in Detroit's housing market and leading to blight and instability in neighborhoods. University of Michigan-Dearborn Assistant Professor Joshua Akers documents Detroit property speculation on his website Property Praxis. Foreclosure News
