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Foreclosed Homes

Drowning in Profits

Laura Gottesdiener | Posted 08.23.2014 | Business
Laura Gottesdiener

The story of a private equity firm, a missing pool fence, and the death of a two-year-old child raises troubling questions about how, as a nation, we define security in housing and why, in the midst of what's regularly termed a "recovery," many neighborhoods may actually be growing increasingly vulnerable.

When Predatory Equity Hit the Big Apple

Laura Gottesdiener | Posted 06.08.2014 | Business
Laura Gottesdiener

It turns out that the real estate market in my New York City backyard has been a private equity playground for the last decade, and the result, unsurprisingly, has been a disaster for tenants and the market alike.

How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme -- Again

Laura Gottesdiener | Posted 01.26.2014 | Business
Laura Gottesdiener

You can hardly turn on the television or open a newspaper without hearing about the nation's impressive, much celebrated housing recovery. Home prices are rising! The crisis is over! Yet beneath the fanfare, a whole new get-rich-quick scheme is brewing.

Ben Hallman

Property Company Under 'Barrage' Of Theft, Break-In Claims | Ben Hallman | Posted 04.29.2013 | Business

Outside in the world, Safeguard Properties was supposed to be protecting millions of homes that had slid into foreclosure, shoring up and repairing ab...

Huffington: Issue 44

Posted 04.11.2013 | Huffington

In this week's issue of Huffington, we kick off a special series focused on de-stressing at work, home and in life — don't miss a visualization of w...

The 'Zombie' Foreclosure Crisis Is Still Growing

Reuters | Posted 05.30.2013 | Business

By Barbara Liston ORLANDO, Fla., March 28 (Reuters) - A national survey found 301,874 "zombie" properties dotting the U.S. landscape i...

Squatter Was Living In $2.5 Million Florida Mansion

Posted 02.08.2013 | Miami

Police found nothing but trash and a smattering of personal belongings on Thursday when they arrived at a Boca Raton mansion where Andre "Loki Boy" Ba...

New Info About Toni Braxton’s Foreclosed Georgia Mansion

The Huffington Post | Michelle Manetti | Posted 11.13.2012 | HuffPost Home

Poor Toni...

How Does This 14-Year-Old Own TWO Houses?

The Huffington Post | Caroline Fairchild | Posted 10.12.2012 | Money

As the housing market begins to post signs of recovery, one precocious teen isn't letting anyone stand in the way of her shot at turning a profit. ...

Could Wall Street Save the Housing Market?

Tom Silva | Posted 09.23.2012 | Business
Tom Silva

What will solve the housing crisis? The Keynesians think it's a government bailout and the Hayekians think it will ultimately be the invisible hand and spontaneous order of supply and demand that will ameliorate the underwater single-family home sector.

Subprime Mortgage Architect Wants To Buy Up Foreclosed Homes

Reuters | Posted 09.18.2012 | Business

* Goldman to market Mullen foreclosed home fund * Mullen expects fund could raise $1 billion - sources * Fund targets di...

Saki Knafo

Bankers Answer Cruz Family Foreclosure Plea As Cops, Occupy Protestors Clash Again | Saki Knafo | Posted 03.18.2013 | Business

The house at 4044 Cedar Ave. in Minneapolis has seen a lot of activity lately. Dozens of Occupy Homes Minnesota activists have camped out in it. Polic...

Pedophile Pediatrician's Foreclosed Home Gets No Bids At Auction

Posted 05.16.2012 | Business

For some, a home's former owner can haunt the property forever. The foreclosed former home of Earl Bradley, a pedophile pediatrician, didn’t net...

Voters In One Town Want Banks To Pay Big Time For Neglecting Foreclosed Homes

The Huffington Post | Alexander Eichler | Posted 05.12.2012 | Business

If San Diego voters had their way, banks would be paying out, big time. Seventy percent of San Diegans who responded to an opinion poll conducted l...

PHOTOS: Protestors Collect Trash From Foreclosure, Deliver To Bank

Posted 05.07.2012 | Miami

Neighbors from Liberty City rallied together Thursday to gather trash at an abandoned, foreclosed home and then deliver the garbage to a downtown bran...

'They're Mad At The Bank, So They Take It Out On The House'

Posted 04.29.2012 | Business

Home owners who have had their houses taken away in foreclosure sometimes take their anger out on the houses themselves. WTEV reports on a foreclos...

Turning Foreclosures Into Rentals, The Federal Reserve Way

AP | Posted 04.06.2012 | Business

WASHINGTON -- The Federal Reserve has issued policy guidelines for banks turning foreclosed homes they own into rentals, a trend that could help boost...

Loren Berlin

Why Renting Is Better Than Owning, Bernanke's Take | Loren Berlin | Posted 01.06.2012 | Business

While millions of foreclosed homes languish on the market at lower and lower prices, new data supports the idea that renting out these foreclosed home...

Ordinance Would Give Banks A Break On Foreclosed Properties

Posted 12.18.2011 | Chicago

Just one week after five Chicago women were arrested while protesting the decrepit conditions of bank-owned vacant homes that they say bring crime int...

Swiss Banker's Reaction to U.S. Treasury Hiding A.I.G. Loss

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Goldman Sachs and JP Morgan are being subsidized by the Federal Reserve. Why can't the Fed instead subsidize Americans who want a job? How stupid do they think the American taxpayer is?

Banks To Allow Local Groups To Buy Foreclosed Homes Before Speculators

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to...

Federal Agenices Say They're Probing Foreclosure Problems...But Lenders Are Resuming Foreclosures

AP | PETE YOST | Posted 05.25.2011 | Business

WASHINGTON — A federal law enforcement official says the FBI is in the initial stages of trying to determine whether the financial industry may ...

Nonprofits Unable To Keep Up With Growing Suburban Poverty, New Reports Say

Posted 05.25.2011 | Impact

The national recession has had a suffocating impact on the middle class, with high rates of unemployment, home foreclosure and other hardships pushing...

5 Areas Where 'House Flipping' Is Booming Once Again (PHOTOS)

Posted 05.25.2011 | Business

At least one of the risky money-making schemes from the pre-crisis era has resumed in full force. As Bloomberg noted yesterday, house flipping -- the...

House Flipping Is BACK: Sales Of Foreclosed Homes Booming In Crisis Hotspots Like Las Vegas, Arizona | Phrashant Gopal | Posted 05.25.2011 | Business

In Phoenix, 4,661 foreclosed homes changed hands within six months of being purchased in 2009, an increase of 81 percent from the year earlier, accord...