Nasser Daneshvary, director of the Lied Institute for Real Estate Studies, explains the scientific formula that he has discovered regarding the toxic effects of foreclosures on neighborhoods in a recent sit-down with the Las Vegas Sun. Here’s the snip: “We know foreclosed homes sell for a discount, but what do they do to the neighborhood? [...]
Source: http://blog.foreclosure.com/2011/02/how-do-foreclosures-affect-property-values/
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