Speaking of foreclosures in Ohio…it turns out that an evicted man in Cincinnati recently walked away from his home without alerting anyone about the 60+ cats and kittens he left behind.
These innocent creatures, trapped inside without food or water, cannot be accused of biting off more debt than they could chew. Rescue groups are now looking for foster homes and donations. Visit www.foreclosurecats.org to help (“Foreclosure Cats” could also be a great band name).
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.