Million-Dollar Foreclosures Aren’t That Rare

Nadja Brandt

Million-Dollar Foreclosures Aren’t That Rare

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http://www.bloomberg.com/ Million-dollar homes aren’t escaping foreclosure, or the hefty price discounts that often come with it.  The number of homes in foreclosure that have mortgages that are $1 million or higher are nearly twice as high now as they were in 2007, representing about 2.3 percent of all homes in foreclosures, according to RealtyTrac. 
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