Distressed

Foreclosed and abandoned properties that had become magnets for criminal activity in Providence's Olneyville neighborhood were targeted for inclusion in Amherst Gardens, ONE Neighborhood Builders' newest development.

Next to a new Columbus, Ohio, apartment complex on East Whittier Street — a shining testament to the South Side's revival — sits a block of boarded-up and crumbling brick townhomes.

As housing prices continue to climb and the unemployment rate continues to fall, the number of homeowners in the Manatee-Sarasota, Fla., region in danger of falling into foreclosure remains on the decline.

Mortgage Contracting Services will acquire Carrington Home Solutions' property preservation division in a deal expected to close by the end of the year.

The vast majority of default servicing professionals are investing in "significant" REO property improvements to increase resale values in a hot housing market.

Seven flood-prone Highland Park, Ill., homes adjacent to forks of the North Branch of the Chicago River could potentially be purchased, demolished and converted to open space under a voluntary flood buyout.

The treasurers from Hillsdale, Branch, Jackson and Lenawee counties assembled at the Jackson County Commission Chambers recently in an effort to stem the tide of foreclosures in south central Michigan.

Most homeowners in Southwest Florida are no longer threatened with losing their properties to foreclosure.

As the Colorado Springs economy and housing market improve, the city's foreclosure woes continue to diminish.

Karen Stratton doesn't cry often. But the Spokane, Wash., councilwoman teared up last week as she looked out on the High Drive Conservation Area from her late aunt's home on South Maple Boulevard.