Posts with tag foreclosed homes

After the housing meltdown, banks have repeatedly come under fire for allegedly using discriminatory lending practices against minorities. A study from the Center for Responsible Lending found that blacks and Hispanics with credit scores above 660 received subprime mortgages three times as often as whites with the same... Continue Reading »

Hell hath no fury like a homeowner scorned. The FBI, a bomb squad, and first responders donning hazmat suits converged on a foreclosed home in South Seattle on Monday, according to KOMO News. The reason? Police believe the former owner booby-trapped the home in anticipation of his eviction. As it turns out, though, the... Continue Reading »

The sides in the housing crisis' morality play have been very neatly defined for us. The banks are the ruthless, faceless devils who cast out the sick and (financially) weak from their homes. A few bystanders -- let's call them renters-by-choice and anonymous online commenters -- stand on the sidelines cheering because,... Continue Reading »

Lynn McGee is mad as hell and isn't going to take it anymore. That's why she posted a banner saying "House Full of RATS & Bank Don't Care" across the front of the townhouse that adjoins hers in Greenacres, Florida. The derelict and abandoned unit next door has been in foreclosure since September 2009, according to a... Continue Reading »

Although foreclosure activity in Phoenix is down slightly from 43 percent to 38 percent of the total market month-over-month, it is still a tough market for potential sellers. Dawn Yazzie-Howard just went under contract with her 3-bedroom, 2-bath home in Mesa, Ariz., after eight months on the market. The news is... Continue Reading »