The Chicago City Council considers foreclosure ordinance with affordable...
From WLS-TV ABC 7 in Chicago:
View ArticleHuffPo and Dylan Ratigan launch new series on financial crisis
The first piece in the series entitled week long series “No Way To Live” takes a look at the effect of foreclosure on low-income apartment renters: The Latest Victims Of The Foreclosure Crisis:...
View ArticleHuffPo Ratigan part deux: taking a look at HAMP
The second story in the No Way to Live series chronicles a Michigan family’s foreclosure troubles, troubles that the Home Affordable Modification Program (HAMP) failed to alleviate: Michigan Family...
View ArticleDetroit gets creative in dealing with foreclosures
From the Detroit News: [Mayor] Bing unveiled an unprecedented plan Monday to offer 200 tax-foreclosed homes in the East English Village and Boston-Edison neighborhoods to [police] officers. The plan...
View ArticleObama administration to offer additional mortgage relief
Yesterday, the Obama administration announced adjustments to Federal Housing Administration (FHA) requirements that would require FHA-approved lenders to extend special forbearance to 12 months (from 4...
View ArticleForeclosed properties could provide novel solution to affordable housing...
The Obama administration has announced that it will seek proposals on how to turn thousands of foreclosed properties into rental units. The novel approach would prove a boon to affordable housing stock...
View ArticleUPDATE: HUD, Treasury, FHFA officially announce request for input on...
As we noted earlier today, the administration was going to seek input on how to reclaim some of the value of foreclosed properties, through measures like converting properties into rental units. Here...
View ArticleA sign of the times: three indicted for attempted “house stealing”
Some interesting news out of DeKalb County, GA courtesy of wsbtv. A grand jury has indicted three people for a scheme to take-over/steal foreclosed homes:
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Small time investors and foreclosed homes
The foreclosure epidemic plaguing this country since the sub-crime crisis has been the subject of much news coverage. While the countless stories of shattered neighborhoods sets the tone of the...
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