That house down the street that just went into foreclosure wasn't just bad for your neighbor. It's gnawing at the value of your own home.Sales figures show that foreclosed homes generally trade for a 40 percent discount compared with homes sold the conventional way in the same market. In many cases, the discount is far more.Michael Walsh of Elmwood Park's Citywide Services, an appraiser, said ...
In a very alarming sign for the U.S. economy, foreclosures have continued to dramatically increase in 2010. But there has been a shift. Back in 2007 and 2008, experts tell us that most foreclosures were due to toxic mortgages.
