Results 1 - 1 of 1 for PRIME [Author: Vincent W. Yao]
Sales of Distressed Residential Property: What Have We Learned from Recent Research? - Review
During the housing bust many homeowners found themselves “underwater”—the amount they owed on their mortgages exceeded the value of the associated property—and they either could not or possibly chose not to stay current on their mortgage payments. As a consequence, sales of so-called distressed properties, often after a foreclosure, became commonplace.
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