On the Ground, In the Heart of the Foreclosure Crisis
6 October 2008 - 7:00am
This video from KCET takes a look inside one of the formerly fastest-growing parts of the country as it grapples with a flood of foreclosures and abandoned properties.
"For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state - home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. In the newer developments, house after house sits vacant - either up for auction, for sale by a bank or going for what’s called a “short sale” which is when the owner owes more than the house is worth."
Full Story:
Foreclosure Alley
Source:
KCET, October 3, 2008
»
- Login or register to post comments
- Email this page
- 'Zombie Subdivisions' Eating America's Suburbs - Oct 07, 2009
- Following the Path of the Meltdown - Sep 03, 2009
- Cities Creating Land Banks to Deal with Vacant Properties - Jul 13, 2009
- Friday Funny: Elected to the House, But Abandoned Her Own - Jun 12, 2009
- One in Nine U.S. Homes Empty - Apr 13, 2009
“
If hundreds of people in your community raised reasonable concerns about a planning program you developed, how would you respond? Perhaps you might call a community meeting, or ask community elected officials to reach out to community leaders.
”















