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Xinyuan Real Estate Co., Ltd. Message Board

  • star_hominid star_hominid Apr 1, 2013 12:47 AM Flag

    Zombie Real estate

    LOL! USA reports on ghost cities in China. Chinese report on zombie real estate in the USA.

    " More than 30 million units in the United States zombies real estate
     The results of a recent survey showed that more than 30 million sets of "zombie" real estate throughout the United States. The owners of these properties because of foreclosures to move out, leaving an empty property affected by natural or man-made dilapidated.
    The results of this survey by real estate information agency the RealtyTrac 28. According to the survey, the U.S. foreclosure homes and property owned by the bank total number of homes in the first quarter of this year, an increase of 9% year-on-year, to 1.5 million units. At the same time, another 10.9 million owners face the risk of losing real estate, because these people are at the insolvent state.

      Reuters previously reported that some American owners to move out, and later received a bank notice of sale of foreclosed homes that the banks did not take concrete action. Some owners move out of the houses, but the owners name has not been changed, and the need to continue until the foreclosure tax and undertake other related costs........."

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