About 1/3 of all foreclosed properties have been so damaged (either by previous owners or by hoodlums) that they no longer qualify for standard mortgage financing. One analyst says Washington has yet to acknowledge the extent of the problem.
April 17, 2009
About 1/3 of all foreclosed properties have been so damaged (either by previous owners or by hoodlums) that they no longer qualify for standard mortgage financing. One analyst says Washington has yet to acknowledge the extent of the problem.