Realty Trac reports 1 out of every 418 U.S. homes was foreclosed upon last month. The foreclosure rate isn't rising as rapidly as it has in past years, but that's only because banks are inundated with paperwork. Nancy Marshall Genzer reports.
The Obama administration may start encouraging short sales — when a bank takes less for a house than is left on the mortgage — which may help stem foreclosures. Commentator David Abromowitz offers his own ideas.
A new mortgage modification plan that takes effect next month will encourage homeowners to accept a short sale. Bill Radke talks to Marketplace's Alisa Roth about the upsides for mortgage-holders who would accept the financial loss.
JP Morgan Chase is in trouble for failing to clean up thousands of old tires on some property it owns in Atlanta. And other banks will have similar maintenance issues as foreclosures continue to be a trend. Jeremy Hobson reports.
Even though the Great Recession and the real estate crash are fading, African Americans are still at a greater disadvantage. Commentator Angela Glover Blackwell says that's in part because of how they were able to get into the housing market.
Structural engineers give Chile's building codes credit for their role in damage control during the country's recent earthquake. How do building codes across the U.S. stack up? Jeff Tyler reports.
Home sales were down last month while the Gross Domestic Product was up 5.9% at the end of last year. The latest economic data have one thing in common: snow. John Dimsdale reports it's having an increasing impact on the economy's performance.
Condominiums depend on owners of their units chipping in for common expenses like fixing the roof. But what happens when the deadbeat owner next door is a major bank. Ashley Gross reports.
