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This American Life - Scenes from a recession

This American Life episode focuses on a Chicago Condo that is going through foreclosure.

The foreclosures were due to location, condition of construction (a paid off city inspector?) and of course the current economy.

Listen to episode here.

Posted by Sara Goodwin - Portland, Oregon Appraiser on 04/06/2009 10:28 PM

Comments (6)

Condo Foreclosures, Chicago, in the ActiveRain Channel

chicago, condo foreclosures, new construction

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6 Comments on This American Life - Scenes from a recession

APR

They seem to be all over the place. Richmond seams to be about half foreclosures and short sales. I wish you the best.

I showed properties this week and it was interesting that a few of the listings I was going to show had been pulled by the banks via foreclosures. The agents that had them listed were just notified a few hours before to remove their signs and lock-boxes. Scary stuff!

Sarah - all I can say is WoW!!!!! Thanks for sharing.

Cheers

APR

Hi Nate - I think foreclosures are one thing, but then to add shoddy condo construction and ethically questionable developers... it just doesn't help the situations out there at all.

Jim - I hear a lot about banks doing some strange things with the listings these days. Are the properties all condos that you are being pulled or SFRs as well?

Hello Fred - Glad you 'enjoyed' it (rather depressing to use the word 'enjoy', isn't it?) -

APR

This local Portland news story reminded me of this blog.

APR

Hi Sara

Good post, lots of that here also, warranty inspections with IR camera show compressed insulation, cause inproper install by contractor, the list goes on electricial venting etc, it is everywhere

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