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Real Estate & Property Law

: Housing Wire

?Toxic Titles? Worth Less than Cost of Foreclosure: Fed?s Duke

By JON PRIOR

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[Update 1: Clarifies location of speech] Elizabeth Duke, a governor on the board of the Federal Reserve System, speaking at the Community Stabilization Symposium in National Harbor, Md., said recent increases in foreclosures only ?exacerbated a pre-existing vacancy problems? in certain cities. ?In the most devastated neighborhoods, some lenders do not even complete the foreclosure process or [...]

Full post as published by Housing Wire on December 09, 2009 (boomark / email).

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