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Real Estate & Property Law

: The Home Equity Theft Reporter

Abandoned Homes In "Legal Limbo" Hinder Real Estate Recovery In Weaker Markets: Fed

By r morris

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Reuters reports:The recovery of many U.S. low income areas remains stymied as lenders decide completing some foreclosures simply isn't worth the cost, casting many properties into "legal limbo," Federal Reserve Governor Elizabeth Duke said on Wednesday. [...] "Many community organizations have been frustrated by the difficulties of working with mortgage lenders and servicers, and these problems

Full post as published by The Home Equity Theft Reporter on December 11, 2009 (boomark / email).

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