During the boom years, as big housing developments mushroomed throughout the country, developers worked with local governments to raise billions of dollars for roads, sewers and sidewalks through a municipal-debt security known as “dirt bonds.” Now, as those bonds get tested by the worst housing downturn since the Great Depression, dirt-bond investors are getting a …
Monthly Archives: August 2011
Residents of foreclosed mobile home park fight to control their future
After his wife died, retired plumber Leonard Selinsky tried to simplify his life by moving into Sunset Village, a mobile home park in Glenview with tidy homes and friendly neighbors.His new home is no trailer – it’s a two-story Cape Cod with three bedrooms and an attic. “I love my house," he said. "This is …
Continue reading “Residents of foreclosed mobile home park fight to control their future”