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Tag: Foreclosed Homes


How Wall Street Plans to Profit From Renting Out Homes It Foreclosed

Diabolical bankers are renting foreclosed houses to the very people they took the properties from, and planning a new scheme that may ruin us all over again; it could be argued that Amazon saved books from the fate music has suffered; and a video imagines what would happen if a gay athlete won a gold medal in Sochi, Russia. These discoveries and more after the jump.

Posted on Nov 7, 2013 READ MORE


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Ivan McClellan Photography (CC BY 2.0)

The Landscape of Wall Street’s Creative Destruction

It’s May 2012 and we’re in Woodlawn, a largely African American neighborhood on the South Side of Chicago. The goal of the HIT Squad, short for Housing Identification and Target, is to map blighted, bank-owned homes with overdue property taxes and neighbors angry enough about the destruction of their neighborhood to consider supporting a plan to repossess on the repossessors.

Posted on Aug 2, 2013 READ MORE


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