foreclosure: An Effort to Save a City by Shrinking It
- 04/22/09 01:30 AM
What a terrific idea! I would think that this approach could be successful in different scales in many areas where populations have dried up along with jobs and hope. Certain parts of cleveland would look better, be safer and more enjoyable if the houses were gone and parks and open space existed instead.
Below find the beginning of the article and the full story is provided in the link found here and below the story. FLINT, Mich. — Dozens of proposals have been floated over the years to slow this city’s endless decline. Now another idea is gaining support: speed … (4 comments)
foreclosure: The Making of a Landlord
- 04/17/09 11:03 AM
I saw the story's title and was instantly drawn to it. A wonderful, realistic read. I hope you enjoy as much as I do. <----"The Landlord of the Shadows"
written By Christopher Palmeri s a senior correspondent in BusinessWeek's Los Angeles bureau. I was chased by a wild dog. I saw a home so stripped someone had even taken the front door. I attended a foreclosed-home auction that featured cheerleaders yelling in my ear. Finally, in March, I closed on a home I'm now renting out as an investment property. I paid $125,000; it had sold for $345,000 four years ago. … (1 comments)
foreclosure: Hey Charlie Brown, we want to hold the football for you!
- 01/30/09 04:31 AM
Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure. The goal of the new policy, announced Friday, is to prevent properties from becoming vacant so they won't fall into disrepair. Freddie Mac also said it will allow renters to remain in their homes even if their landlord enters foreclosure. The McLean, Va.-based company currently has about 8,500 properties in the foreclosure process, but many of those are vacant.
"Keeping foreclosed properties occupied and in better repair will support local property values and promote a faster recovery in the … (4 comments)
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Commercial Investment Real Estate, Ohio, Summit County, Cuyahoga County, Apartments For Sale, Multi-Family, Retail
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What a terrific idea! I would think that this approach could be successful in different scales in many areas where populations have dried up along with jobs and hope.
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