tangomonster
Full time employment: Posting here.
- Joined
- Mar 20, 2006
- Messages
- 757
Just curious. I've read several places that a home in the process of fore closure brings down the property values of surrounding homes. TIME magazine quoted a Georgia Tech study that said a home loses 1% of its value for every foreclosure within 1/8 of a mile. Is it because a home that's being foreclosed is likely to be sold under market value, thus depressing the prices of the surrounding homes?