A man in Arlington, Texas, recently found out that even though the bank foreclosed on his house two years ago, the city thinks he should be held responsible for maintaining the property. When the man went to renew his license last July, he found out the city had issued a handful of outstanding fines and warrants in his name over things like un-cut grass, an old fence and operating an alarm without a permit.
A study of more than 1,000 foreclosed properties in nine cities found that banks have higher maintenance standards for properties they own in wealthy, predominantly white, neighborhoods than those in low-income ones. The report by t... Read Post
Banks and lenders have maintained and marketed foreclosed properties far better in white neighborhoods than in minority neighborhoods, according to a report released Wednesday by the National Fair Housing Alliance. Investigators for... Read Post
198,853 properties received foreclosures filings in March, down 17 percent from a year ago. And many warn that a tidal wave of foreclosures coming this year. These foreclosed homes often sell at significant discounts to similar home... Read Post