Sunday, August 31, 2008

Check out the Bank Closures Map

I'm going to be tracking all of the bank closings in an online map... Right now, it just shows the bank and the date of its closing. However, I will be adding bells and whistles to it moving forward. Without further ado, the Bank Closure Map:

Click Here to Visit the Map

Wednesday, August 13, 2008

Innovative Way to Prevent Foreclosure


Authorities said a son held Bergen County sheriff's officers at gunpoint as they tried to evict his 88-year-old mother from her foreclosed home.

Full Story

Detroit House Sells for One Dollar

"The fact that a home on the city's east side was listed for $1 recently shows how depressed the real estate market has become in one of America's poorest big cities.

And it still took 19 days to find a buyer. "


"The home, at 8111 Traverse Street, a few blocks from Detroit City Airport, was the nicest house on the block when it sold for $65,000 in November 2006, said neighbor Carl Upshaw. But the home was foreclosed last summer, and it wasn't long until "the vultures closed in," Upshaw said. "The siding was the first to go. Then they took the fence. Then they broke in and took everything else."

The company hired to manage the home and sell it, the Bearing Group, boarded up the home only to find the boards stolen and used to board up another abandoned home nearby.

Scrappers tore out the copper plumbing, the furnace and the light fixtures, taking everything of value, including the kitchen sink.

"It about doesn't make sense to put the family out," Upshaw said. "Once people are gone, you're gonna lose the house in this neighborhood."

Entire story here