If You Can’t Rent a Foreclosed Property Back to the Owner, You May as Well Throw a Party

With a sprawling, multi-million dollar mansion in Sandy Springs, Ga., sitting empty for two years, some enterprising folks nearby had an idea: Fill it with a big party.

According to USA Today, the Halloween bash at the six-bedroom mansion was a huge success, drawing 1,000 people. It ended only when More…

Geithner’s Plan and the New Reality of Shanty Towns

Treasury Secretary Timothy Geithner is back in the spotlight today. He’s scheduled to testify on Capitol Hill about his new plan for the government to greatly expand its oversight of the financial industry, included hedge funds. Geithner, of course, has been in the news a lot lately, as debate More…

A Personal Look at Foreclosures, By the Sheriff Who Won’t Do Them

At Newsweek, Sheriff Thomas Dart of Cook County in Chicago offers an unusually personal look at the process of throwing someone out of their home in a foreclosure eviction, something he still often refuses to do. Dart stopped doing evictions after discovering too many instances of owners with More…