A City Invokes Seizure Laws to Save Homes

mardi 30 juillet 2013

FILE - In this April 4, 2010 file photo, a foreclosure sign sits atop a for sale sign in front of a single-family home tops the for sale sign in Denver. Barack Obama's road to re-election is lined with lots of boarded-up homes. While the high unemployment rate dominates talk in Washington, for many 2012 voters the housing crisis may well be a more powerful manifestation of the sick economy. And, in an unfortunate twist for Obama, the housing problem is at its worst in many of the battleground states that will be decisive in determining whether the president gets another term. (AP Photo/David Zalubowski, File) With recent gains in home prices doing little for some blighted neighborhoods, Richmond, Calif., is about to become the first city in the nation to try a novel way to stop foreclosures.








via Business News http://finance.yahoo.com/news/city-invokes-seizure-laws-save-214457704.html
Publié par style à 06:58
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