An unincorporated municipality, Spanish Lake has no mayor or city hall, but does have an active community association which is trying to address the problem of abandoned home in the area, many the result of the foreclosure crisis. The Problem Property Unit and community association look for signs of neglect, yard waste, gang graffiti, or break-ins and attempt to clean up the properties whenever possible with the help of organizations like Neighbors Assisting Neighbors.
Click below to watch a Living St. Louis video about the mortgage crisis in Spanish Lake.
Click on the titles below for more videos about the Mortgage and Financial Crisis in St. Louis:
The story of a small business owner trying to open a new restaurant in tough economic times.
St. Charles was until recently, a boom area for building and selling houses. Now, this community is experiencing a rising number of foreclosures—leaving hundreds of new homes vacant.
The recent economic situation has lead to rising foreclosures in this North St. Louis County neighborhood.
The Dutchtown neighborhood was one of the first communities in the area to see a dramatic rise in foreclosures where several homes have fallen into disrepair.
With as many as 120 foreclosure cases each month, Granite City is one of the hardest hit communities affected by the mortgage crisis. Illinois has a judicial foreclosure system which is different than the process in Missouri.
In the Jeff-Vander-Lou neighborhood in North St. Louis, Habitat for Humanity is building homes with affordable mortgages for families in need. This year, Habitat plans to move 27 families into affordable housing.
Jefferson County experienced more than 900 foreclosures in 2007, and so far in 2008, there have been nearly 600 foreclosures.
Carlos Brooks used to own the Grand View Market in North St. Louis, but after filing for bankruptcy, he was forced to sell his property for less than its value.