Luxury Homes Going Into Foreclosure
The article states “The deterioration comes just as housing experts say that foreclosures in the low- and mid- ends of the housing market are showing signs of stabilization.”
It’s a pretty interesting article. The bottom line is that the housing crisis has affected and is continuing to affect everyone.
“Lenders are far more likely to go the short sale route,” says Andrew LePage, an analyst at real estate research firm DataQuick. “There’s a lot more money at stake, and maintenance can be high if a foreclosure just sits there.”