Charlotte Observer - Sold A Nightmare Part One |
Thursday, 29 March 2007 |
Sold a Nightmare Part One
Seventy-seven buyers have lost homes to foreclosure in Southern Chase, a subdivision of 406 homes...Some homes sat empty. Others became rentals. Prices dropped. Standing in his side yard last fall, Mark Tingley pointed to holes in his siding, garbage in neighboring yards, overgrown lawns, junked cars. He feels angry, cheated and trapped.
Part One: March 18, 2007
Sold a Nightmare
Concord subdivision proves lucrative for builder and costly for 1st-time owners
Seventy-seven buyers have lost homes to foreclosure in Southern Chase, a subdivision of 406 homes.
When a gleaming new house goes up, and the homeowner moves in, most people celebrate that as good growth.
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