Click Here REALTORŪ Magazine Online: The real estate professional's business support tool.
HOME | ABOUT US | CONTACT US
YOUR INTERACTIVE MAGAZINE
REALTOR.ORG/realtormag
.
Topic Areas Daily News / Blogs / Statistics
Prospecting / Customer Handouts
Court Cases / Ethics Q&A
Buyer's Guides / New Tools
Architecture / Home Trends
Sales Meetings / Profiles



Daily Real Estate News  |  March 18, 2008
Foreclosed Homes Attract Homeless

Homeless people in cities all across the country are moving into empty, foreclosed homes.

"Many homeless people see the foreclosure crisis as an opportunity to find low-cost housing with some privacy," Brian Davis, director of the Northeast Ohio Coalition for the Homeless, wrote in a summary of the latest census of homeless sleeping outside in downtown Cleveland.

East of San Francisco, a man was arrested in November on a code violation while living without water service in a vacant home in Manteca, Calif., which has been hit hard by the foreclosure crisis.

In Cape Coral, Fla., a man arrested in September in a foreclosed home said he had been living there since helping a friend move out weeks earlier.

In Philadelphia, the risk is too great to send case workers into vacant homes to check for homeless needing help, says Ed Speedling, community liaison with Project H.O.M.E. "We're very, very wary of going inside. There's danger. I mean, if the floor caves in. There's potential danger.”

Source: The Associated Press, Thomas J. Sheeran (02/17/08)

Browse all of today's news

E-mail this page to a friend
Give us feedback

Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus new online exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!

 






09/07/2008 08:11 PM03/18/2008