Foreclosure in the Philadelphia Region: The Gift that Keeps on Giving
Posted by on May 20, 2013
Foreclosure in the Philadelphia Region: The Gift that Keeps on Giving
As foreclosures continue to gradually decline, the effects of the protracted period of lending uncertainty and lowered property values are likely to persist. The negative outcomes of the real estate market crash cannot be fixed with a simple reversal of bad policies of the remediation of bad banking/lending behaviors. Communities face devalued and “underwater” (housing with market values below the amount owed to mortgages) properties that complicate the process of clearing the backlog of delinquent properties. Major Federal initiatives to address these issues have been…
Click here to access the full report through MPIP’s website.
http://mpip.temple.edu/index.php?q=node/4531
Click here for direct access to the report.
http://mpip.temple.edu/mpip/documents/The_Gift_that_Keeps_on_Giving.pdf
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