Foreclosure News and Information
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As the US economy struggles out of recession, home foreclosures have touched the one million mark. Those foreclosures have hit the long-suffering city of Flint, Michigan, particularly hard. Once the home of General Motors, this declining city is now thinking of returning back to nature. Al Jazeera’s Cath Turner reports.
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Many poorer homeowners face loosing their homes in the global credit crunch, as variable mortgage rates soar. Al Jazeera’s Tom Ackerman met one home owner who faces foreclosure.
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The number of tenants being affected by the housing crisis are growing as foreclosures continue to rise across the US. In America, it is not just homeowners who feel the full effect of foreclosure. Many people who rent their homes, are facing eviction. Al Jazeera’s Casey Kauffman met the Hinojosa family in Los Angeles, who were recently evicted from their home.
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