Posts Tagged ‘detroit’
Articles about detroit
Innovative artistic touches are transforming the complexion of foreclosed houses and the entire neighbourhood. It is a ray of sunshine in the middle of a decaying automobile industry, increasing unemployment and thousands of foreclosures in Detroit. But Mitch Cope together with his wife Gina is endeavouring to change the scene tackling the houses one by [...]
As lenders drastically slash prices of foreclosed units, the neighbouring houses too become undervalued leading to a bonanza for buyers. And from out of the dark wombs of foreclosure new hope is born as many can buy affordable houses. Moreover with sales picking up, the real estate market shows possibility of getting back on its [...]
One can hear the clink of the sword – it is expected to be brandished any moment. The Bush administration has come to an understanding with jumbo lenders and a freeze will be announced for five years. These are the lines of expectation. No details are as yet available. The reaction to the news in [...]
The local and state governments will be gathering down for the budget session for the fiscal years 2008-09. But they are in a tizzy and huddling together over the newsbreak that foreclosures will soon seep into the smaller communities. This will worsen the situation with another 1.4 million houses being caught in the foreclosure net. [...]
In the Michigan real estate business the top option by many home buyers is to go in for Michigan foreclosed homes. This is based on sound reasoning that the Michigan foreclosure process is caused by many eventualities, namely bankruptcy, financial strain, death of house owner or shifting of residence to another place and the like, [...]
According to a survey in 2006 Detroit recorded the highest high-cost mortgages in the previous year. A community activist organization, Acorn, has been studying in depth the fall out of mortgages. They have concluded that relatively more Afro-American and Hispanic borrowers have been victims of high-cost mortgage schemes in comparison to the whites. Thus more [...]
