Is anyone home? Apparently not in a large share of foreclosed homes. Twenty percent of foreclosures nationwide are abandoned by their owners and left vacant,
It’s important to move vacant foreclosures quickly so that they don’t negatively impact surrounding real estate values,
Still, 'even if all these homes flooded the market simultaneously, they would likely not cause the once-feared double dip in prices given supply constraints from non-distressed sellers and stronger demand,' Blomquist says. Home Prices Rising at ‘Unsustainable’ Rate
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