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The Los Angeles Times has a sad story today about pets that get left behind after a home is foreclosed on.
Most apartment buildings won’t allow dogs and so even caring pet owners find themselves in a bind when losing their homes. A Realtor reports seeing pets chained in the yard or locked inside. Shelters say they’re getting more animals sent to them by struggling homeowners. Big shocker: nearly 60% of the dogs and cats sent to the Los Angeles County pound get put to sleep.
One of the unexpected victims of the mortgage meltdown.
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.