Let's say there are 100 homes in foreclosure.
Using a rough estimate of 51,435 home in TV, that says .19% of the total amount of the homes, are in foreclosure.
I tend to think the majority of these homes are owned by people who have gotten sick and their heirs don't want to be bothered, as opposed to faulty lending practices.
On the other hand, I know a couple of people who have purchased homes beyond their means but I hope they can make the required payments.
I'm sure this happens all over the US but the developer surely will remedy this problem, If I remember correctly, didn't the developer buy 80 homes on the historic side and rebuild them?
BTW - I'm sure those homes were not in foreclosure but the developer saw it as being upgraded. Then again, I have no doubts that someone will correct me.
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"It doesn't cost "nuttin", to be nice".  MOM
I just want to do the right thing! Uncle Joe, (my hero).
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