Is time the enemy of equity for chronically distressed homeowners?
Housing Wire
FEBRUARY 19, 2024
That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.
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