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Loan Modification

: The Truth About Mortgage.com

MIT: Foreclosure Reduces Value of a House by 27 Percent

By scot184

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A foreclosure reduces the value of a home by 27 percent on average, according to a MIT study titled ?Forced Sales and House Prices,? which examined 1.8 million home sales in Massachusetts from 1987 to 2009. Researchers weren’t surprised to find that foreclosures were selling for a discount, but were shocked at how large it was. Other [...]

Full post as published by The Truth About Mortgage.com on July 21, 2010 (boomark / email).

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