Foreclosures
Foreclosed Properties Eyed As Affordable Housing Stock
In a move to combat the growing numbers of foreclosed homes and provide affordable housing, Fairfax County, Virginia, has announced plans to buy up foreclosed properties to augment the county's supply of affordable homes.
Foreclosure Blight Slashes Nation's Property Values
Foreclosed homes are creating blight in urban and suburban areas all across the country, lowering property values by more than $200 billion.
Caring For Foreclosed Lawns
A city councilwoman in Galt, south of Sacramento, is cited for violating city code rules on watering. That's despite the fact that the City Council had urged the public to water and care for lawns at foreclosed homes.
Did Houston's Lack Of Zoning Shield It From The Housing Meltdown?
A recent report by a Federal Reserve Bank senior economist argues that Houston's resiliency during the ongoing housing crisis is due in part to its lack of zoning regulations.
Foreclosures Hit Cleveland Hard
This segment from NPR looks at the city of Cleveland and examines how foreclosures have devastated the city and many of its neighborhoods.
Cities Want Banks To Pay For Blight Caused By Foreclosures
Minneapolis is one of several cities that have filed lawsuits against mortgage companies, seeking damages for the blight caused by the large number of foreclosures in some of its neighborhoods.
A Silver Lining To The Foreclosure Crisis: More Affordable Housing
The Federal Reserve has announced plans to help community non-profits to acquire foreclosed homes for use as affordable housing.
More Californians Losing Their Homes
The latest figures show that more than 500 California households have gone into foreclosure each day in the first quarter of 2008.
States Take Action on Foreclosures While Federal Government Stumbles
Without a clear federal plan to counteract the swath of foreclosures sweeping across the country, state governments are finding ways to reduce the local impacts.
The Fight for $1 Homes
A HUD plan that allows municipalities to buy up foreclosed homes for just $1 is causing controversy in Wayne County, Michigan, where cities and counties are fighting over who is best suited to take over abandoned homes.
Maligned Redevelopment Agencies Asked To Solve Foreclosure Crisis
California's redevelopment agencies are feeling pressure on numerous fronts these days. Some may go out of business next year. Still, state lawmakers are considering giving the agencies authority to buy out subprime mortgages.
Who Will Senate's Housing Crisis Plan Help?
A new plan in the Senate looks to help the country deal with the backlash of the housing crisis by offering tax breaks and credit. But will it help people whose homes have been foreclosed?
