Foreclosures Create Opportunity For Squatters

digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS

Chicago Public Radio   |  Chip Mitchell   |   December 4, 2008 11:18 AM


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 here.

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...
 
Comments
0
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect