Empty homes on Main St, USA, tell frontline tale of bank squeeze

AS TRAUMATIC as the personal anguish they represent, there is nothing unique about five empty properties on South 17th Street in Springfield, Illinois.

Empty homes on Main St, USA, tell frontline tale of bank squeeze

In the past month these homes, out of fewer than 100 on the street, have been repossessed after their owners could not afford to fulfil mortgage repayments — two have already been levelled.

They join 260 other Springfield addresses on sale because mortgage lenders wielded their axe — 16 more properties were added to the list this week.

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