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November 15, 2010
"Sleeper" House sold at foreclosure auction
Thanks to Tom Roberts (until recently of Wake Forest) for the following:
Property teachers who are movie buffs may want to use the sale of Woody Allen’s “Sleepers” house as an example of the decline in real estate prices, from $3.4 million in 2006 to $1.5 million at yesterday’s sale, and the workings of statutory redemption. The article can be found here.
Tanya Marsh
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November 15, 2010 in Mortgage Crisis | Permalink
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