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In 2007, one of the zip codes representing Slavic Village (44105) was named the "hardest hit" zip code in the United States. [3] According to Claudia Coulton, co-director of the Center on Urban Poverty and Community Development at Case Western Reserve University , part of the reason for the focus of foreclosures in the Slavic Village area is ...
More recently, Slavic Village has seen difficult times. The zip code that includes the neighborhood, 44105, recorded more home foreclosures than any other zip code in the country during the second quarter of 2007, [11] causing the national media to declare the neighborhood the center of the 2007 foreclosure crisis [12]
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 ...
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 ...
Here are the top zip codes for home sales, according to Realtor.com Metros in the Midwest and Northeast stole the top slots on this year's list. Fox News 30 days ago
Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...
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