Housing & Mortgage Markets – Week of 7.15.12

Plan To Raze Detroit Empty Homes In Final Stages
CNBC News 17 July 2012
As the next step in an April deal between financially strapped Detroit and the state of Michigan, Governor Rick Snyder. . . .

California Cities Eye Plan To Seize Mortgages
Yahoo Finance 16 July 2012
Cities weigh controversial but inventive way to fix mortgages: condemn them. . . .

CoreLogic® Reports Negative Equity Decreases In First Quarter of 2012
CoreLogic 12 July 2012
CoreLogic (NYSE: CLGX), today released new data showing that 11.4 million . . . .