Relevant:
- Kelso gets to work cleaning up abandoned, foreclosed properties
- Banks turn to demolition of foreclosed properties to ease housing-market pressures
- REO Could Become A Serious Problem For HUD/GSEs: FHFA Rep.
- Turning Foreclosed Homes Into Rentals Could Be $100 Billion Industry This Year
- De Blasio admin. moves to strip equity from hundreds of homes in black and Hispanic neighborhoods in "third-party transfer" foreclosures
2010-04-02 — housingwire.com
"The US Department of Housing and Urban Development (HUD) changed how it defines foreclosed and abandoned properties to include properties in default and uninhabitable homes with code violations. Effective immediately, homes that are 60 days or more behind on the mortgage can be considered foreclosed under the new definition"
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