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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...

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?

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...

Foreclosures: 'Worst Three Months Of All Time'

CNNMoney.Com | Les Christie | Posted 05.25.2011 | Business

Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, a...

Homeowners Left In Limbo As Banks Delay Foreclosure | Renae Merle | Posted 05.25.2011 | Business

A growing number of American homeowners are falling into financial limbo: They're badly behind on payments, but their banks have not yet foreclosed. ...

Another Midnight Run: Foreclosure Crisis Hits Close to (my) Home

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

This is what foreclosure feels like from the outside. All of a sudden, trusted neighbors whose children I was watching grow up are gone and all that's left is a littered, empty home.