Archive for August 31st, 2007

The Changing Face of Foreclosure

When you hear the term "foreclosure property," what comes to mind?  A dilapidated crack house in a marginal neighborhood?  If it is, be prepared to change your perceptions, because the face of foreclosure is changing.  It’s affecting upscale homes and neighborhoods to the detriment of their neighbors.  According to Wednesday’s Los Angeles Times: [Thank you L!] Houses abandoned to foreclosure are beginning to breed trouble, adding neighbors to the growing ranks of victims. Stagnant swimming pools spawn mosquitoes, which can carry the potentially deadly West Nile virus. Empty rooms lure squatters and vandals. And brown lawns and dead vegetation are…
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Op-Ed Friday: It's Too Darn Hot

It’s Op-Ed Friday, and today’s likely to be a big news day.  President Bush is scheduled to discuss his subprime initiative this morning and Chairman Bernanke’s speech this morning will be micro-analyzed for any hint of the direction of interest rates. You can count on Twist to be inside with the AC cranked up and watching it all unfold, as it’s too darn hot to get out and do anything else: Phoenix on Thursday had a high temperature of 111 degrees Fahrenheit, [44C] extending the record broken on Wednesday of 29 days with at least 110 [43C] degrees F in…
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