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Foreclosures Create Opportunity For Squatters

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First Posted: 12- 4-08 11:18 AM   |   Updated: 01- 4-09 05:12 AM

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Read More: Chicago Foreclosures, Economy, Foreclosure Crisis, Foreclosures, Foreclosures Squatters, Home Foreclosures, Housing Crisis, Mortgage Crisis, Squatters Foreclosed Homes, Chicago News
Foreclosure

Chicago Public Radio:

Sometimes one person's misfortune can become another's opportunity. That's what's happened in a foreclosed building in Chicago. The owner abandoned the property and the bank has been unable to sell. Now several families are living there rent-free. From our West Side bureau, we report on how they get by.

Billy López, who asks that we not use his real name, doesn't have many options to heat his apartment. He's got a small space heater near the old couch he sleeps on. And he leaves a couple burners of his gas stove on high.

Read the whole story: Chicago Public Radio

Sometimes one person's misfortune can become another's opportunity. That's what's happened in a foreclosed building in Chicago. The owner abandoned the property and the bank has been unable to sell. N...
Sometimes one person's misfortune can become another's opportunity. That's what's happened in a foreclosed building in Chicago. The owner abandoned the property and the bank has been unable to sell. N...
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