foreclosure sales

Now that summer’s getting into full swing, it’s time to slow down and take a few moments to daydream and compile wish lists. In that spirit, Time offers a gallery of McMansions across the country that just won’t sell, despite prices that have been drastically slashed. All this is part of a bigger problem in [...]

As we’ve noted previously, neglected and abandoned bank-owned foreclosed homes have caused problems with neighborhood blight and falling property values, in some areas. The Washington Post today reports on another difficulty with these Real Estate Owned (REO) properties. Sometimes banks are so overwhelmed by the number of REOs in their inventories that they can’t even [...]