This is just one story in the naked city, but I imagine this kind of thing takes place all over the U.S.. In “Home Free: Foreclosure Crisis Benefits at Least One Group: Renters“, writer Dominic Holden interviews a group of users who quit paying rent and now have lived in their foreclosed home for […]

With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported. Her bid was one of eight for the home. But before the Open […]

This story came out a few months ago, but I just read about it today. A company in the depressed town of Stockton, California is keeping busy painting the dead lawns of foreclosed homes with green paint so banks can tart them up for auction.
Nick Terlouw has launched the Greener Grass Co., which amounts […]

This just received from a loan officer at Washington Mutual:
Dear Clients and Colleagues,
The acquisition of WaMu by JPMorgan/Chase strengthens our commercial real estate lending program and provides stability in an environment of change. Please be assured that we will fund our loans as expected, and we look forward to taking new applications from […]

A discussion at the Seattle P.I. on whether or not the government should restructure sub-prime loans morphed into a conversation as to whether real estate agents and others “responsible” for the monetary crisis should be taxed to compensate those who’ve lost money in buying or selling a home. One reader proposes a $500 […]

How can anyone live like this?

Wall Street was shaken to its foundations in the most harrowing and volatile week in modern history, as a widening crisis of confidence led to the demise of the 158-year-old Lehman Brothers, a government takeover of American International Group , a shotgun marriage of Merrill Lynch with Bank of America , and the merging of […]

An earthquake devastated the Sicilian village of Salemi in 1968, killing 200 people and reducing thousands of buildings to rubble. Down the hill, a modern city sprung up in the village’s place, but the historical center has been a ghost town ever since. Except for a few dozen habitable villas, the ruins are frozen […]

I am RICH and I want to spend it on YOU tonight.

I’ve been told that a link to this website and a copy of the lawsuit is being sent to Sellers around the Seattle area.