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Everybody, including the bank, would have been better off reducing his balance to an affordable level." [15] [20] In Atlanta, Occupy Our Homes activists went to the courthouses in three of the area's largest counties to disrupt the foreclosure auctions happening there. The group is demanding an immediate moratorium on all foreclosures. [15]
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
Deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower ...
Average Class A rent in downtown last year was about $34.40 per square foot. Burnett Plaza, which is Class A, is leasing space for $29.50 per square foot, according to listings website LoopNet .
As of July, the tax bills were late on 45% of the 81 properties owned or managed by Gary Thomas. He was behind $164,428.55, according to county records. Properties managed by Ross Thomas, who ...
A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...
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