Wednesday, November 14, 2007

Empty Houses Home to Crime As Loans Fail: Financial News - Yahoo! Finance

We need a TV series on the mortgage meltdown. Episode One: Zombies roam the streets of abandoned subdivisions searching for interest-only loans.

"Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires, prostitution, vandals and burglaries terrorize the residents left in this historic neighborhood called Westview Village."

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