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: The Home Equity Theft Reporter

Time To Batten Down The Hatches For Lenders Stuck Holding Vacant Foreclosed Homes As Hurricane Season Starts Today

By r morris

In Lehigh Acres, Florida, The Associated Press reports:Mike Manikchand points toward his neighbors in Lehigh Acres -- a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards -- and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: "A lot of these places will get destroyed.''Unoccupied, these homes would be defenseless in a storm

Full post as published by The Home Equity Theft Reporter on June 01, 2009 (boomark / email).