"Innocent Bystander" A Victim Of Abandoned Foreclosures

In Miami, Florida, the Daily Business Review reports:

• The fresh painted façade of Paula Swink’s new Miami home stands out in a working class neighborhood scarred by abandoned homes. The two-story house next door has no windows and no doors. A mattress blocked the doorway on a recent evening. A yellow house across the street had the windows boarded up; overgrown grass covered the front yard. The shell of what used to be a blue wooden-frame house rises just behind her back yard. Years of neglect had corroded the old house’s windows, doors and roof supports.

• Swink hopes the emergency funds that Congress approved recently to help stabilize neighborhoods pock-mocked with foreclosures and abandoned homes will help rid her street from those crime-breeding grounds.

For the rest of the story, see Foreclosures: Homeowners waiting for relief.