foreclosure
Banks with Deep Pockets Dodge Foreclosure Damages
The fight that neighborhoods in Cleveland are launching against banks that dump vacant and vandalized foreclosed homes back onto the real estate market received a bit of a setback, as I noted in my story Monday. A private, non-profit housing advocacy group had filed suit in local housing court to force the banks to clean [...]
Bush Administration’s Home Stretch Strategy: Not Our Problem
A reader over at TPM flags a very revealing quote from an anonymous Bush administration official in a New York Times article about the state of the government’s response to the foreclosure crisis.
Didn’t I Read This Somewhere Already?
This morning’s Wall Street Journal has an interesting story on how the government’s $4 billion neighborhood stabilization program isn’t nearly enough to address the problems faced by communities with thousands of homes in foreclosure.
But wait, haven’t I read this story before?
Life After Eviction
On Thursday, TWI covered a foreclosure eviction in suburban Virginia. These evictions are continuing during the holiday season, despite a suspension called by mortgage giants Fannie Mae and Freddie Mac. After the eviction, on Monday, the former homeowner, Julio Angulo, just sat outside his house. He told us he had nowhere to go.
I checked in [...]
Video: The Cold Face of Evictions
See the related story here.
In the third quarter of 2008, some 765,558 American properties received default notices or were in foreclosure. While Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9, the moratorium is likely to affect only a small percentage of homeowners. [...]
Foreclosure Machine Grinds On Through Holiday Season
Foreclosures were supposed to pause between Thanksgiving and the new year, but for hundreds of thousands of homeowners, like Julio Angulo of suburban Virginia, they still face losing their homes this month.
Foreclosure Epidemics
As a weird new wrinkle of the exploding mortgage crisis, the flailing housing market in California was tied to a 276 percent increase in West Nile virus cases, according to a scientific journal.
Housing: How Low Can It Go?
It’s not clear whether foreclosed homes selling at fire-sale prices are an encouraging sign — or just a false hope of a rebound that’s still nowhere on the horizon.
Spreading the Wealth
LEESBURG, Va. — As the Palin campaign rolled through this exurban neighborhood, members of the traveling press were surprised when the bus lurched to a stop.
We were in a neighborhood of spacious two-story homes with two- and three-car garages. While built in the past five to 10 years, the architecture of the houses was reminiscent [...]
The Human Cost of a Credit Crunch
With all the news about partially nationalizing banks, and with the candidates rolling out new economic proposals and facing off in a debate tonight over their prescriptions for the credit crunch, it’s easy to forget that the whole mess still comes down to simple things: A homeowner, and a home.
That’s why you should expect to [...]
