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Companies step in after foreclosures put families elsewhere Michigan's glut of foreclosed homes means green for the companies that maintain these properties. Five Brothers Mortgage Co. in Warren, which offers banks upkeep services on foreclosed homes, has seen its business triple in the last five years.
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.
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.
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
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.
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. ...
Drugs, firearms found during raid at Hill Avenue homes WATSONVILLE - Investigators found a quarter pound of suspected cocaine and 7 grams of methamphetamine, four firearms, suspected stolen property and a large amount of cash during a search of two Hill Avenue homes Thursday, according to a Watsonville Police Department report.
58 homes flooded in Livingston County HAMBURG TOWNSHIP -- Officials report that 58 homes near one Livingston County lake have flood damage.
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