Lenders' latest foreclosure strategy: waiting
By Todd Ruger
Published: Sunday, July 12, 2009 at 1:00 a.m.
Last Modified: Saturday, July 11, 2009 at 11:11 p.m.
Across Florida, tens of thousands of foreclosed homes are being left in limbo, between homeowners who have abandoned them and banks that have not yet taken possession of them.
Over the past year, banks and other lenders have canceled up to 50 percent of foreclosure sales in some parts of the state, adding to a growing stockpile of unclaimed homes.
By Todd Ruger
Published: Sunday, July 12, 2009 at 1:00 a.m.
Last Modified: Saturday, July 11, 2009 at 11:11 p.m.
Across Florida, tens of thousands of foreclosed homes are being left in limbo, between homeowners who have abandoned them and banks that have not yet taken possession of them.
Over the past year, banks and other lenders have canceled up to 50 percent of foreclosure sales in some parts of the state, adding to a growing stockpile of unclaimed homes.
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