abandoned homes

New Business for Big Banks: Slumlording

The nation's biggest bailed-out banks have unintentionally entered a new line of work: slumlording. In some cases, major banks have created whole neighborhoods of abandoned and deteriorating foreclosure properties -- and a blight on local municipalities.

A Florida Housing Development Stalls, and the Cows Move In

Jerilee Wei never expected to be living next to a cow pasture when she bought her home in Lakeland, Fla., in 2007. In her upscale community, newly constructed houses were selling for between $300,000 and $425,000. Then one morning she woke up and found some cattle had moved in.

In Juarez, Housing Crisis Is a Symptom of the Drug Wars

In the U.S., a real estate crisis has left some neighborhoods virtually abandoned. But in the border towns of Mexico, most notably Ciudad Juarez, a different disease is causing the same symptoms: the brutal escalation of the war among drug traffickers.