Posted on 11/13/2007 11:48:26 AM PST by Hydroshock
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.
"It's created a safety hazard. And if we have to sell our house tomorrow, we're out of luck," said resident Scott Smith. "Real estate agents say to me 'We're not redlining you, but I tell my clients to think twice about buying here.'"
As defaults surge on mortgages made to borrowers with spotty credit and adjustable-rate loans, more people are noticing that their neighbors are caught up in the meltdown. Their misfortunes are haunting those left living on the same streets. The effects aren't confined to just low-income or redeveloping communities; they are seeping into middle-class neighborhoods and brand new developments.
(Excerpt) Read more at msnbc.msn.com ...
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Is the Pope a Catholic? Do bears sleep in the woods? Is Mrs. Clinton a crook?
The displaced homeless from New Orleans could be housed in those properties....
The displaced homeless from New Orleans could be housed in those properties....
About 10 houses down from me is a house that is for sale and has been vacant for 3 months. It is below market adn still has not moved.
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, “biblical”?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath-of-God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies. Rivers and seas boiling.
Dr. Egon Spengler: Forty years of darkness. Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave.
Dr. Peter Venkman: Human sacrifice, dogs and cats living together - mass hysteria.
If he/she uses those words, their real estate license should be in jeopardy.
how many areas are there like this in the u.s. that are primarily minorities and dhimmicratic strongholds???
Who ya gonna call?
Translation: "I'm not redlining you but, yes, I'm redlining you, actually."
Doomsday is “evergreen.” It’s always doomsday somewhere.
I’m waiting for the day Hillary panders by suggesting that the government could do a better job and should finance these mortgages using several different methods:
A. Repealing Bush’s tax cuts.
B. Raising taxes on the rich.
C. Expanding the death tax to include live people.
D. A higher tax on cigarettes.
>> It is below market adn still has not moved. <<
Both of these clauses cannot be true. If it was truly priced at market value, it would have moved. Sellers just haven’t realized what the new market value really is.
It has shown, but nothing. It is not in like new shape but it is not a shack either. And I am very interested in it due to teh fact that it is the exact same floor plan as my house.
. "Now house fires, prostitution, vandals and burglaries terrorize the residents ..."
Sounds like they already showed up!
You are absolutely correct.
And a fed or so may be very interested.
It depends what you mean by redlining.
Avoiding neighborhoods for racial reasons has been outlawed, whatever one might think of that. But I should think that a real estate agent has some obligation to warn his clients about serious dangers, such maybe their kids are likely to get killed if they move there.
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