Fall from grandeur: Recession, foreclosure shutter Grand Bay Pigeons live in the barren penthouse nightclub of the former Grand Bay, South Florida’s last five-star hotel. A vagrant recently went to the bathroom in the vacant lobby, where black graffiti colors the walls. The dining room hints of smoke, the remnant of a campfire built on …
Category Archives: Regional
Charlotte County looks to buy distressed homes [South Florida]
Charlotte County looks to buy distressed homes [South Florida] The housing crisis peaked in Charlotte County in 2008-2009, with foreclosure filings running at about 400 a month. While the numbers are down so far this year, the problem of vacant homes remains for neighborhoods. Now the county is trying to salvage some of those homes …
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Florida locales dominate FHA default list
Florida locales dominate FHA default list What the heck happened to the FHA’s loans in Florida? The state dominates the list of troubled metro areas for Federal Housing Administration-insured mortgages. In fact, 16 of the top 25 locales with the highest default rates are in Florida, as of December, with tiny Punta Gorda on the …
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Charlotte County looks to buy distressed homes
Charlotte County looks to buy distressed homes The housing crisis peaked in Charlotte County in 2008-2009, with foreclosure filings running at about 400 a month. While the numbers are down so far this year, the problem of vacant homes remains for neighborhoods. Now the county is trying to salvage some of those homes through the …
Continue reading “Charlotte County looks to buy distressed homes”
Detroit wants to save itself … by shrinking
Detroit wants to save itself … by shrinking Detroit, the very symbol of American industrial might for most of the 20th century, is drawing up a radical renewal plan that calls for turning large swaths of this now-blighted, rusted-out city back into the fields and farmland that existed before the automobile. Operating on a scale …
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Around Tampa Bay, foreclosure means never having to leave [Central Florida]
Around Tampa Bay, foreclosure means never having to leave [Central Florida] When his lender started to foreclose in 2003, Jeffrey DeMauro appealed for time to resolve his financial problems. “I sincerely want to work this situation out and get back on track and save my home,” DeMauro wrote to Pinellas County court officials. “I have …
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