Click on the image below to view the 43,634 properties in Detroit that were on the brink of foreclosure this year. This mosaic, created with images from Google Maps Street View, shows one of the many enormous challenges facing Detroit as it tries to climb out of debt....
Among the benchmarks of a recovery in the US housing market since 2011 is the “foreclosure pipeline” – the number of foreclosed homes reaching the market during a particular period. Although massive amounts of foreclosures were processed during the housing crash of...
One of the most impactful news items heading into 2011 is the announcement by Bank of America that foreclosure activity is being suspended , and the decision by government agencies to increase scrutiny on the foreclosure process. In the wake of this announcement,...
We noticed a recent entry at the You Walk Away blog describing the rising incidence of banks walking away from properties prior to completing the entire foreclosure process. Say what? We know that more and more individual borrowers with massive negative equity in...
Jason Hartman talks with Robert Frank, author of The Winner Take all Society, The Economic Naturalist: In Search of Solutions to Everyday Enigmas; Falling Behind: How Rising Inequality Harms the Middle Class and many more! In ‘The Winner-Take-All...
