Sold A Nightmare

June 4, 2009 12:04 PM

Sold a nightmare: Part 1 of 4

Southern Chase was a new kind of subdivision for Beazer, an experiment in selling low-cost homes to low-income families. The strategy was a financial success for Beazer. But the neighborhood fell apart. Seventy-seven buyers have lost homes to foreclosure in Southern Chase, a subdivision of 406 homes.

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