Skip to content

Tag Archives: mortgagor

Foreclosure and vengeance

Friday, March 28, 2008

Today’s Wall Street Journal reports (subscription required) on a growing practice: foreclosing lenders and auction purchasers of foreclosed homes are paying the former owners cash to leave the properties without vandalizing them. The payments, which range from hundreds to thousands of dollars, are considered a “win-win” because they give the foreclosed owner some cash while [...]

Filed in Real Estate | Also tagged | Comments (5)