{"id":23984,"date":"2011-01-14T05:44:26","date_gmt":"2011-01-14T05:44:26","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/more_banks_walking_away_from_homes_adding_to_housing_crisis\/"},"modified":"2011-01-14T05:44:26","modified_gmt":"2011-01-14T05:44:26","slug":"more_banks_walking_away_from_homes_adding_to_housing_crisis","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=23984","title":{"rendered":"(Chicago Tribune) More banks walking away from homes, adding to housing crisis"},"content":{"rendered":"<p>A new type of property is adding to neighborhood blight: the bank walkaway.<\/p>\n<p>Research to be released Thursday, the first of its kind locally, identifies 1,896 &#8220;red flag&#8221; homes in Chicago \u201d\u201d most of them are in distressed African-American neighborhoods \u201d\u201d that appear to have been abandoned by mortgage servicers during the foreclosure process, the Woodstock Institute found.<\/p>\n<p>Abandoned foreclosures are increasing as mortgage investors determine that, at sale, they can&#8217;t recoup the costs of foreclosing, securing, maintaining and marketing a home, and they sometimes aren&#8217;t completing foreclosure actions. The property, by then usually vacant, becomes another eyesore in limbo along blocks where faded signs still announce block clubs.<\/p>\n<p><a href=\"http:\/\/www.chicagotribune.com\/classified\/realestate\/foreclosure\/ct-biz-0113-walkaway--20110113,0,515928,full.story\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new type of property is adding to neighborhood blight: the bank walkaway. Research to be released Thursday, the first of its kind locally, identifies 1,896 &#8220;red flag&#8221; homes in Chicago \u201d\u201d most of them are in distressed African-American neighborhoods<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=23984\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,600,585],"tags":[],"class_list":["post-23984","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-the-banking-systemsector"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23984"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23984\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}