Real Estate News Blog Dominican Republic March Archive

Foreclosures Force Suburbs to Fight Blight

By Art C Ryter at 03/23/07 18:52

Details the actions taken by city and county officials to avoid blight associated with increased foreclosures resulting from defaults on subprime mortgages. Local government is trying to help foreclosure ridden areas avoid falling real estate prices by installing alarms, mowing lawns, and other community oriented projects. Victims of unscrupulous mortgage brokers have been given some assistance by community groups with funding from state and local government.

Original source: The New York Times. Foreclosures Force Suburbs to Fight Blight

Atlantica

Details luxury second homes for sale in the beautiful Dominican Republic. Sales should begin by mid 2007. Real estate prices for this development project are from 650k to over a million. Not bad for luxury Caribbean living with oceanfront views.

Original source: The New York Times. Atlantica