Despite foreclosure prevention efforts by the federal government, the number of houses being added to foreclosure listings in Texas is still rising, based on a survey by Texas company Foreclosure Listing Service.
Three prominent commercial real estate properties in Colorado, Oregon and Maryland are scheduled to go to auction in the coming weeks. These are the Promenade Shops in Loveland, the CityView in Portland and the Hollander 95 in Baltimore.
While several lenders take time in reselling distressed commercial real estate properties, a number of lenders have a policy of selling off their repossessed properties quickly. This policy benefits commercial real estate investors.
Jacksonville foreclosures for sale are expected by analysts to keep at bay the recovery hoped for by many residents. The rise in the unemployment rate in September drove further increases in foreclosures in the July to September quarter.
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