Foreclosure crisis: Who is at fault for the defaults?
Noah McIntosh, 2, left, and Zahbeon McIntosh, 4, play outside an empty, bank-owned house in Carriage Pointe. [Chris Zuppa | Times]
Analysis of thousands of foreclosures in Hillsborough County, which has one of the highest default rates in Florida, shows individual homeowners are getting too much of the blame. Two neighborhoods, worlds apart geographically and demographically, are examples of a bust created by investors and speculators. See photos and meet the people who live there.
Grand Hampton is a luxury subdivision in New Tampa where at least 125 of 800 homes have been in foreclosure — but new houses are still being built.
Carriage Pointe opened in 2005 as a neighborhood of starter homes in Gibsonton, but quality of life there has spiraled as half the homes have been in foreclosure and crime keeps going up.