Saturday , 23 January 2021

Most Foreclosures are on Vacant, Abandoned Properties

Despite widespread foreclosure moratoria, completed foreclosure auctions are percolating, the Q4 Distressed Market Outlook from Aution.com shows. While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September. That said, the moratoria have played a part in creating a backlog of likely foreclosures that …

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