foreclosure property: Banks giving away scores of abandoned, foreclosed properties - 01/20/12 02:43 PM
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www.MiamiFreeHomeInfo.comA handful of the nation's largest banks have begun giving away scores of properties that are abandoned or otherwise at risk of languishing indefinitely and further dragging down already depressed neighborhoods.Bank of America and Wells Fargo announced plans last summer to donate scores of abandoned and foreclosed properties in cities that are hardest hit by the housing downturn. J.P. Morgan Chase also has made regular donations. Fannie Mae, the massive mortgage finance company seized by the federal government three years ago, began donating properties early on and now hands over hundreds of properties a month. Well Resources – Donating … (2 comments)
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foreclosure property: Free List of South Florida Bank-Owned Properties Updated Daily - 11/08/11 01:05 PM
www.OnePlaceOpenHouse.comBy Cedric Loiselle
Becoming a homeowner is the dream of many people, and many are making this dream a reality by buying foreclosed homes. Foreclosed homes are properties that have been surrendered to the bank by owners who could not pay the mortgage and were forced to return the home to the lender in order to settle the debt. Once the bank has reclaimed these homes they tend to sell them quickly because banks don't have any real need for real estate other than the money it returns. These sales, generally done through an auction, can allow aspiring home owners to … (0 comments)
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