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Repossessed Homes New Orleans Louisiana

Louisiana delegation wants more details on bailout plan  WASHINGTON -- Some Louisiana members of Congress say they'll need to see more specifics before deciding whether to support an unprecedented government intervention to stabilize the economy, including the purchase of hundreds of billions of dollars worth of risky loans...

Renaissance Homes Headed for Bankruptcy  Renaissance Homes, http://www.renaissance-homes.com one of Oregon��s biggest home builders, will soon file for Chapter 11 bankruptcy, The Oregonian is reporting http://www.oregonlive.com/business/index.ssf/2008/09/highend_oregon_builder_renaiss.html.

Supplies bring relief to area hit by Gustav  Staff Reporter LAPLACE �� Armed with enough provisions to feed the city of New Orleans, members of the Louisiana National Guard braved the sweltering heat Friday to hand out much needed supplies to thankful residents of St. John Parish trying to recover from the carnage wrought by Hurricane Gustav.

Homes near Ore Lake suffer flood damage  Hamburg Township officials on Friday reported 58 homes near Ore Lake in Livingston County suffered flood damage after heavy rains last weekend swelled the lake and Huron River. Earlier this week, inmates from the county jail helped residents sandbag around homes and flood sites. The American Red Cross says flooding Sunday caused $300,000 in damage to its Howell offices.

$800-bn plan to help people with high-cost mortgages stay in their homes  US Treasury Secretary Henry Paulson is sending a financial-rescue plan worth about $800 billion to Congress as Democrats prepare to turn it into a vehicle to help people with high-cost mortgages stay in their homes.

Bonds to assist in paying for homes   Beacon Journal staff report The Summit County Port Authority has voted to issue $12.5 million in tax-exempt bonds to help people facing foreclosure on their homes.

Valley bargain-hunters buy homes  The 525 existing houses sold in Fresno and Clovis in August represented the first time in three years that more than 500 homes were sold for three consecutive months, the president of the Fresno Association of Realtors reported Thursday. Read comments

Billions in losses from 2 storms  NEW ORLEANS -- Physical damage in Louisiana from hurricanes Gustav and Ike will likely range from $8 billion to $20 billion. �� That's according to an estimate released Thursday by the state economic development agency. The estimate includes both insured and uninsured damage. �� The report said that businesses

Biz Buzz: Median price of homes falls again  The median price for all homes in San Luis Obispo County fell in August, as did sales. The median��the point at which half of homes sell for more and half for less �� stood at $420,000 last month, a 17.4 percent drop from August 2007 when the median was $508,500, according to DataQuick, a San Diego-based real estate information firm. The median price in the county in July was $470,000. ...

Some Munster Homes Deemed Uninhabitable  Many families in Munster, Ind., got the bad news Friday that they lost their homes. CBS 2's Suzanne Le Mignot reports the Little Calumet River breeched its bank in multiple locations in northwest Indiana, sending water right into residential areas.