Challenges Consumers Face This Home Buying Season

July 2011
Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p17
The article reports on the challenges faced by consumers in their acquisition of real estate owned (REO) properties in the U.S. It states that the litigation cases and moratoriums concerning foreclosures will not allow homebuyers to realize their engagement in this home buying season for REO properties. It notes the decline of real estate sales due to the sudden increase of short sales and foreclosures which make buyers not to invest in REO properties that will likely depreciate.


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