Like Wile E. Coyote Going Off A Cliff

The Herald Tribune reports from Florida. "Like so many other new home builders, Adams Homes of Northwest Florida was left holding a lot of inventory in Sarasota and Charlotte counties when the housing market started its swoon heading into 2006. But like few others, the Gulf Breeze-based builder was...
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Reduced To Being Investments For Speculators

The Daily Telegraph reports from Australia. "More than 3000 NSW residents have been caught rorting first-homebuyer concessions, leading to a record haul last year of $7.5 million in swindled stamp duty alone and some of the rorters even being jailed. Treasurer Eric Roozendaal made no apology for...
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Not Ready To Take A Loss

The Herald News reports from Illinois. "The foreclosure crisis has hit home for the Triezenbergs of Manhattan Township. Mark and Tia Triezenberg and their five young children, including one with severe disabilities due to autism, must leave their home by Aug. 29. Mark, who ran his own home-building...
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Over A Barrel And Off The Cliff

The Day reports from Connecticut. "Foreclosure activity in New London County soared by more than 60 percent in the first half of this year compared with the same period in 2009, according to RealtyTrac, leading a state economist to conclude that one of the causes of the current recession has now...
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A Missed Opportunity

A report from the Washington Examiner. "When President Obama signs a new financial regulatory overhaul bill this week, he'll have a new reform measure to campaign on. The wide-ranging bill creates a new consumer protection agency, overhauls the process for getting a mortgage, gives the government...
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