Many who bought property between 2001 and 2007 lost money. These were years where prices aggressively increased, largely due to loose lending practices that allowed people to buy homes they could not afford using loans that were only temporarily manageable.
Lee Arnold of Cogo Capital walks through the basement of a problem house on N. Cedar last September. Arnold put $ 85,000 into the rehabilitation of the home. Foreclosure News
Author and activist Barbara Ehrenreich, who wrote the book “Nickel and Dimed: On Getting by in America,” spoke to a crowd of 600 in Fort Collins about the time she spent working low-wage jobs as research for her book. Foreclosure News
The Polk County Commission is seeking a “resolution” to the recent closure of the Copper Basin Medical Center, and indebtedness incurred by the county and city of Ducktown.Commissioners a COPPER BASIN Medical Center CFO Tim Henry told the Polk County Commission Thursday night that the health care facility has been bankrupt for 10 years. DUCKTOWN…
The National Association of Realtors reported today that sales of existing homes were up slightly in September 2017 on a monthly basis. At a seasonally-adjusted annual rate of 5.39 million last month, that was practically unchanged from the 5.35 million estimate for August that was the lowest in a year. Foreclosure News
While a disgraced Nigerian oil-trading billionaire is on the run from authorities , his posh West 57th Street pad is back on the market – at the wholesale price of $ 39 million. Kola Aluko is believed to be on his $ 80 million 213-foot yacht , the Galactica Star, dodging justice. Foreclosure News
Real estate investor Christopher Graeve pleaded guilty Thursday in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Graeve is the second real estate investor to plead guilty in this investigation. Foreclosure News
