Florida and other places in America wrecked by foreclosures are facing the problem of treating abandoned pools left behind in vacant foreclosed houses. The pools have become stagnant choked with algae. It is resulting in breeding of mosquitoes and other disease spreading insects.
The code enforcement officials in Wellington were one of the first to experiment [...]
The Board of Alderman of Melrose is mulling over plans to pass an ordinance that would financially penalize lenders by imposing an annual fine to the extent of $3,000 for neglecting foreclosed properties. The ordinance suggestion is being given a review by Appropriations Committee of the board. Its target is to clear the neighbourhood of [...]
The unfolding of the foreclosure saga has left behind a trail of horror in New England. Windows have been shattered and walls marred by graffiti. Plywood has warped and everywhere there is a stench of decay. This is the common scene thousands of baseball enthusiasts witness as they pass through South Main.
A little [...]
With the situation slipping from bad to worse the people are taking the matter into their own hands. More foreclosed vacant houses are becoming homes to the homeless. The movement is often headed by organized groups.
Women in Transition in Louisville is one such group. They hunt out properties that can be occupied after being [...]
This is one of the most challenging phases in the American economy. The real estate industry is in doldrums and the housing sector is riddled with foreclosures. Prices have plunged to an all-time low. Across York County, the number of houses recorded for sale increased by a whopping 80.3 per cent — from 706 four [...]
Foreclosed Cleveland is gasping to survive but efforts are on to turn the tide. Federal help is coming through to purchase and renovate foreclosed houses but Cleveland wanted help to demolish properties and clean the region of the mess and give Cleveland a new look. Cleveland is trying to make the banks agree to get [...]
Cheap foreclosed houses are drawing people like magnets. Within two years the value of a house in Glendale fell from $259,000 to $113,000. One in Phoenix dropped from $190,000 to only $45,900. It had cost $275,000 to build a house in Queen Creek in 2005. It was recently asking for $78,000. The entire real estate [...]
Not all regions are equally benefiting from foreclosure rescue measures. So far only two families have got help from a programme in Plantation. Initially it promised help to those borrowers who were failing in their mortgage payments or if funds were required to make security deposits for rentals. The plan had started in August 2008. [...]
