The main costs associated with holding land are property taxes, liability insurance and, if you are holding a mortgage, principle and interest charges.
As the fallout from the Great Recession continues, auctions are becoming an increasingly popular route for lenders to unload distressed commercial properties.
San Diego homebuyers spent $3.3 million at REDC's foreclosure auction Monday night as 96% of foreclosures offered were sold at San Diego Convention Center.
The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update.