The Chicago Tribune has a very good article about how vacant properties (due to the foreclosure crisis) are decimating poor communities because of the increase in crime. This […]
Homeowner forecloses on Bank of America
This story is too delightful not to post. Bank of America filed a foreclosure lawsuit against a homeowner despite the fact that the homeowner bought his house in […]
No end in sight for foreclosures and dropping home prices
Thirteen percent of U.S. homes are now vacant according to a new report in the Huffington Post. Prices are dropping but people who have the money to buy […]
Inspectors support bill holding lenders responsible
There’s a bill pending in Illinois which would allow local governments to pass ordinances that would make lenders responsible for the upkeep of vacant properties in foreclosure. Needless […]
Reflections on Midwest tour
I recently completed a 2 month period of travel all over the Midwest doing trainings for building officials, fire inspectors, property maintenance and housing inspectors and law enforcement […]
Tenants Pressure Lenders to Repair Buildings
Should lenders allow buyers to purchase a foreclosed building for less than what the lender can get for the property so the buyer has enough money left over […]
Inside Job
In the past I’ve recommended books on the foreclosure crisis such as Michael Lewis’s The Big Short. Last night I finally got to see “Inside Job”, the film […]
Foreclosure and legal limbo
One of the most difficult situations I deal with as a prosecutor is trying to find someone to take responsibility for a property where it is in foreclosure, […]
America’s Foreclosure Ghost Towns
Is your city included in this list: http://www.huffingtonpost.com/2011/03/30/foreclosures-ghost-towns_n_840663.html#s259246&title=Cleveland_Ohio ? It shows us that the crisis is not behind us yet and we’re going to continue to have problems […]
Condo Blues
I was recently contacted by someone who is gathering data on the housing market with a special interest in the health of condominium associations. He was concerned that […]