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Home » Store » News » Majority of Abandoned Foreclosures are Non-Prime

Majority of Abandoned Foreclosures are Non-Prime

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Non-prime mortgages accounted for 67 percent of incomplete foreclosure proceedings on vacant properties, according to a study released last week by the Government Accountability Office. The GAO recommended increased disclosures and extra verifications by servicers in an effort to reduce the harm caused to neighborhoods by so-called abandoned foreclosures...
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