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Sellers stripped the foreclosure home’s assets and/or vandalized the property.; The bank refused to accept less than its present mortgage balance. buyers passed over the short sale in favor of a hassle-free purchase.; The location of the home and/or neighborhood was undesirable.
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Detroit is one of the leading cities in the nation in reverse mortgage foreclosures. home value at the Detroit-Warren-Dearborn metro-area level is $161,300, far below the national median of.
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