Category: foreclosure

Foreclosures Are On the Rise in America as Inflation Squeezes Households

June 9, 2023
Business & Marketsforeclosurereal estateUS
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As the inflation-driven cost-of-living crunch continues to squeeze American households, foreclosures are on the rise, with May notching a 38 percent jump in repossessions and experts warning of more pain to come. Foreclosure-related filings—which include repossessions, scheduled auctions, and default notices—climbed 7 percent from April to May to 35,196 properties, according to the real estate data…

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IN-DEPTH: Losing Your Home Over a Missed $588 Property Tax Bill—In 12 States Government Can Seize Your Home and Keep All Proceeds

April 26, 2023
foreclosurehome equity theftPolicies & ImpactsUS
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It was a dream come true—or rather about to come true—when the Hills bought their forever home. It had everything they needed and more: five bedrooms, four bathrooms, a family room, a dining room, a roomy garage, good schools, and a good neighborhood. Sure, a fixer-upper, but they felt up to it. Prentiss Hall, a…

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China’s Surge in Foreclosures Could Collapse Housing Market: Expert

June 30, 2022
ChinaChina Business & EconomyChinese Regimeforeclosurehousing marketQingdaoShandongSocial Issues
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In recent days, a post saying mainland China has more than 10 million foreclosed homes has caused a stir on social media. Official data shows a sharp surge in foreclosures in recent years. Experts have pointed out that this indicates the possibility of a housing market collapse and a financial crisis for local governments. On…

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