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Foreclosure Stripping
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Foreclosure Stripping : ウィキペディア英語版
Foreclosure Stripping

Foreclosure Stripping is the process in which the owners of a foreclosed property will remove fixtures and fittings from the property in an attempt to salvage some of their investment. Malicious foreclosure stripping is done by home owners who render damage throughout the property to significantly decrease its value and cause resale to be almost impossible. Foreclosure stripping has been a growing trend in recent years 〔''Shriver Center'', 2006, http://docs.google.com/viewer?a=v&q=cache:0KbsEbE9GNUJ:www.povertylaw.org/about-us/newsroom/news-releases/mar-apr-review.pdf+%22foreclosure+stripping%22&hl=en&gl=us&pid=bl&srcid=ADGEESgcp7hOq843NCh-Jz6Fi6Tlk2R0b6vgzRT05e9JI1loTAn9A9Ud3kBFzvkEsLOEsrUA70kQb33MTMPPsMdrX2Jvk8vxnXpfdcwlgHr6w6NPLYPSVGPnaikRC490W11oP1mVhEUM&sig=AHIEtbREIZNIiWG2sFoAVFCCJpsZ7A_cUQ〕 and has reached an all-time high in 2009 because of the economic downturn.
==Problems with foreclosure stripping==
The main problem associated with foreclosure stripping is devaluation of property in the local area.〔''Naples News'', June 2009, http://www.naplesnews.com/news/2009/jun/24/sale-anything-and-everything-inside-foreclosed-hom/〕 Because homes are being sold as incomplete, the prices are much lower than others in the area, which brings down the local average property value. Foreclosure stripping is also a problem for banks, as mortgages are unavailable on incomplete properties meaning that for resale to occur, a cash buyer is necessary.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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