All Posts Tagged With: "Cagan"
Who Pays Foreclosure Closing Costs?
To figure out who will pay foreclosure closing costs you first have to ask about the foreclosure discount in your area. In basic terms the foreclosure discount is the difference between the value of a home today and the value of a similar, but foreclosed or distressed, property. In many markets there has traditionally been [...]
12Feb2010 | Peter G. Miller | 0 comments | Continued
How Big Is The Foreclosure Discount?
Here’s a puzzle: If a lender sells a foreclosed home what kind of discount will be available to buyers? Is it possible that there will be no discount, some discount or a huge discount? These are tough questions because if local markets are strong enough, there’s no discount at all according to Christopher Cagan, Ph.D., [...]
24Aug2008 | Peter G. Miller | 0 comments | Continued
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