Tag Archives: real estate

Zombie foreclosures: Richmond’s hidden housing crisis

Richmond has seen an increase in "zombie" foreclosures, meaning that the bank, upon foreclosing on the homeowner, never took ownership of the home. The practice allows banks to avoid liability. It also increases blight, and...

Details emerge about mortgages chosen for Richmond’s eminent domain scheme

Richmond’s unprecedented plan to help homeowners refinance their mortgages has sparked a national debate about the use of eminent domain, but until now officials haven't shed much light on how they selected the list of...