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Realtors: appraise thyself | Main | Census says we have 2nd highest home vacancy in U.S. »
Philanthropists are putting money into foreclosure prevention, but they're doing so for a unique reason: Foreclosure leads to urban blight and American cities don't need a repeat of 1970s-style decay and crime.
Here's story from Wall Street Journal.
 (Un)Real Estate offers a peek at the housing market usually reserved for insiders. While it focuses on the Tampa Bay area, it won't neglect dipping
into the rest of Florida and beyond. Its goal? Simple: To help you keep a roof over your head without losing your shirt.Times business reporter James Thorner has covered the Tampa Bay area housing market since 1999 and writes a weekly column on the topic in the St. Petersburg Times. Having recently bought and sold a house here, Thorner has shown his insights are more than theory. He's got the burn marks to prove it. E-mail James Thorner: jthorner@sptimes.com. |
It may help 1% of those who bought, but the main problem is most people are upside down on their mortgages, followed by those who never had the income to pay for the mortgage in the first place.
Posted by: Fuzzy Bear | March 03, 2008 at 01:09 PM
Can you say "Mortgage Fraud"? Where were these criminals when I was trying to help buyers, who could afford the home they wanted to buy, get a loan?
Posted by: | March 06, 2008 at 09:06 AM