Industry NewsNews Brief

‘Shadow’ foreclosures lurk in the dark

From Curbed.com blog
Published on Apr 14, 2009

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by CareyBot

According to a recent story in the San Francisco Chronicle, a vast swath of foreclosed homes have fallen into shadow. There are an estimated 600,000 properties across the country, that is, that have been foreclosed but mysteriously held off the market; watchers fear that a flood of these missing properties onto the market would further wreck housing prices, and life in general.

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