Foreclosure analysis cited in Financial Times

by Gregory Korte on January 30, 2008

Stephanie Kirchgaessner of the Financial Times focused on Cincinnati for a story on the “real-life impact” of the subprime mortgage meltdown, and cited my reporting:

An analysis by the local newspaper, the Cincinnati Enquirer, last November found that Deutsche Bank National Trust “owned” 188 homes in Hamilton County, more than anyone except for the federal government, and was taking on nine or 10 newly foreclosed properties a week.

Here’s that story:  Banks taking homes, but city footing bill: Repair, demolition costs add up on foreclosed property.

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