Karin Weise reports that an anonymous bidder will pay $3.2 million to purchase 6,000 foreclose homes in Detroit.
Oct 27, 2014 Business Week
The residents of Camden County in New Jersey, across the Delaware River from Philadelphia, banded together to catalog the abandoned properties in their neighborhoods, where the problem of abandoned, or "zombie" properties, is growing.
Jul 21, 2014 Philadelphia Inquirer
Louisville, like many other cities around the country, has been working hard to reduce the number of abandoned buildings. Recent efforts have provided the city with a new road map for blight reduction.
Jun 23, 2014 The Courier-Journal
Foreclosures, the defining signifier of the Great Recession for many Americans, are coming to a screeching halt in Colorado. In fact, the state’s foreclosure rate improved at about twice the national average between 2012 and 2013.
Jan 19, 2014 Denver Post
Since it announced a plan to combat foreclosures by using eminent domain, Richmond, CA has been beset by opposition from Wall Street and Washington. Despite the threats, other cities are exploring using the controversial tool.
Nov 20, 2013 The New York Times
The housing crisis is alive and well in Maryland, as a second wave of foreclosures inundates the state. Though thousands of residents may be forced out of their homes, experts are confident the properties "will be snatched up quickly."
Aug 13, 2013 The Washington Post
Richmond, California is prepared to become the first city in the U.S. to use eminent domain, a power traditionally utilized to force owners to vacate their land in the name of the public good, for the purposes of stopping foreclosures.
Jul 30, 2013 The New York Times
Federal money earmarked to help prevent foreclosures and assist underwater homeowners will instead be used to fund housing demolitions in a $100 million pilot project in five Michigan cities.
Jun 10, 2013 The Atlantic Cities
Ben Austen traces how foreclosures, crime, and depopulation have decimated areas in the South and West Sides of Chicago, and the 'do-it-yourself empowerment zones' that are trying to make use of vacant properties and turn around these neighborhoods.
Jun 2, 2013 The New York Times
Although the nation's housing market appears to be improving, the foreclosure crisis is far from over. Following in the footsteps of other localities, Cook County, Illinois, is creating a countywide land bank to help address its foreclosures.
Jan 25, 2013 The Architect's Newspaper