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: The Home Equity Theft Reporter

Lenders' Foreclosure Sale Cancellations An Attempt To Slow Growing Stockpile Of Repossessed Inventory, Leaving Abandoned Homes In Legal Limbo

By r morris

In Central Florida, the Sarasota Herald Tribune reports:Across Florida, tens of thousands of foreclosed homes are being left in limbo, between homeowners who have abandoned them and banks that have not yet taken possession of them. Over the past year, banks and other lenders have canceled up to 50 percent of foreclosure sales in some parts of the state, adding to a growing stockpile of unclaimed

Full post as published by The Home Equity Theft Reporter on July 16, 2009 (boomark / email).