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foreclosure

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Detroit, Michigan, USA downtown skyline from above at dawn.

Detroit Says Problems With Property Tax Assessments Are Fixed. Advocates Disagree

With higher-valued properties under assessed and lower-valued properties over assessed, advocates say there's still a problem with Detroit's property tax system.

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Arts & Culture

Exploring Foreclosure Through Art

In Minneapolis and Boston, artists help explore the losses (and gains) of foreclosure with work that supports advocacy and community building.

Four charts and graphs illustrate how foreclosure rates are still higher than they were pre-crisis, and how recovery is slower in some neighborhoods. Image links to pdf version.
The Answer

Q: Isn’t the Foreclosure Crisis Over?

A: Not for everyone. Even after significant recovery, most of the country still has record high levels of . . .

Community Development Field

3 Reasons We’re Not Reaching Rural Communities

Rural communities are being ignored. Again. As discussion of the federal sequester and fights over funding dominate the news channels as well as policy discussions, key gaps in our ability […]

Does shared-equity homeownership build assets? Yes. And keeps them safer than traditional homeownership does. Various graphs and charts follow to back up this assertion. Image links to pdf version.
The Answer

Q: Does Shared-Equity Homeownership Build Assets?

A: Yes! And keeps them safer than traditional homeownership does.

Interview

Interview with Senator Robert Menendez

Shelterforce talks with Sen. Robert Menendez about the ongoing federal response to the housing crisis, the Sustainable Communities Initiative, the Occupy movement, and more.

Interview

Interview with Ron Faris, Ocwen CEO

We speak with Ocwen CEO Ron Faris about why principal reduction makes business sense and some of the myths that get perpetuated about it.

Community Development Field

Capital Markets & Neighborhood Stabilization: Introducing the New Issue

Mark Calabria, the director of financial services regulation at the libertarian think tank Cato Institute, said recently that while “there are disagreements over the diagnosis of the [housing] problem, there […]

Housing

Distressed Mortgages for Sale

Foreclosed properties have been flooding the auction block following the housing crisis. Less visibly, pools of distressed loans are also being sold off—and it’s a market ripe for partnership with neighborhood stabilization actors.

Housing

Going Upstream

If a lender won’t or can’t modify, why wait until they foreclose? Some groups are taking matters into their own hands with note purchases or short sale programs.

Health

Do Foreclosures Make Us Sick?

New research shows a direct correlation between foreclosure and hospitalization, adding another way that foreclosures have a disparate effect on low-income communities and communities of color. The study, Is the […]

Housing

The Sword and the Shield

Boston’s City Life/Vida Urbana is finding success by turning conventional wisdom on its head and entering the picture after a foreclosure has taken place.

Housing

Bank Fees of a Different Kind

A proposed bank accountability bill in California that had received considerable national attention has suffered something of a setback, but that doesn’t mean we’ve seen the last of it. Assembly […]