2009 was a record year for foreclosures in North Carolina. Now it looks like 2010 is going to be worse. In the first five months of this year, North Carolina experienced 35% more foreclosure starts as compared to the same period in 2009. (2012 update: a GAO report on vacant homes and foreclosures ca … Continued

Imagine that you own a home, but not the land on which it sits. You’re a tenant on the land, subject to a 99-year ground lease. As a condition of the ground lease, you are permitted to sell your home only to a household earning less than the community’s median wage, and the ground lease sets a maxim … Continued