Thursday, April 16, 2009

Scary stuff

The number of homeowners facing foreclosure surged in March as lenders lifted temporary moratoriums and resumed legal actions against delinquent mortgage payers.



General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.

But none of those properties are near you, right? Go here and click "Search" without typing anything.

If you're still not nervous, here's a picture of an entirely abandoned neighborhood in Detroit.

1 comment:

  1. Wow! That makes you sick at your stomach! Sad, sad, sad!!

    ReplyDelete