February 23, 2012

Detroit councilman walks away from mortgage

Detroit councilman walks away from mortgage

The former residence of Detroit City Councilman Kwame Kenyatta's is the ugly duckling on its block. Dead grass spreads gray across the lawn. Withered advertising circulars are strewn about the porch and the hedges.Add Detroit City Councilman Kwame Kenyatta to the list of the many homeowners who have walked away from a mortgage rather than keep paying for a property that is “under water.”