Wednesday, May 22 2013 11:40 PM EDT2013-05-23 03:40:29 GMT
(WMC-TV) - The Memphis Police Department issued a city watch for a 12-year-old boy Wednesday night. Robert McBride II was last seen leaving his residence on foot on Jamaica Avenue. He has a mohawk, andMore >>
The Memphis Police Department canceled a city watch for a 12-year-old boy Wednesday night.More >>
Wednesday, May 22 2013 11:24 PM EDT2013-05-23 03:24:43 GMT
(WMC-TV) - A Memphis skateboard shop was going under until the Grizzlies' big wins, that is when owner Hunter Demster started selling T-shirts. The "Grind City" shirts saved his Midtown business whichMore >>
A Memphis skateboard shop was going under until the Grizzlies' big wins, that is when owner Hunter Demster started selling T-shirts.More >>
Wednesday, May 22 2013 11:11 PM EDT2013-05-23 03:11:49 GMT
(WMC-TV) - Cleanup has begun amid the rubble Oklahoma City Wednesday where an EF-5 tornado devastated the Moore community. More than 13,000 homes were damaged or destroyed, causing possibly $2 billionMore >>
Cleanup has begun amid the rubble Oklahoma City Wednesday where an EF-5 tornado devastated the Moore community.More >>
Wednesday, May 22 2013 11:00 PM EDT2013-05-23 03:00:22 GMT
(WMC-TV) - A Memphis mother defends her teenage son who is charged with murdering someone at a graduation party. Rebecca Miller and her son are anything but strangers to Action News 5. Our station helpedMore >>
A Memphis mother defends her teenage son who is charged with murdering someone at a graduation party.More >>
MEMPHIS, TN (WMC-TV) - This week, Taking Back Our Neighborhoods takes on a whole new meaning in the foreclosure crisis.
The Feds are sending nearly 25 million dollars to help Memphis neighborhoods hardest hit by foreclosure.
Frayser zip code 38127 has suffered 408 foreclosures this year, and 5,743 since the year 2000. It's number one on the list those hardest hit by foreclosures.
Recently, the Memphis City Council learned Memphis will receive federal dollars to redo abandoned homes for low income people:
"We will have to use the funds to redevelop the properties either for home ownership or rental for low to moderate or middle income individuals," said Beverly Goines of Memphis Housing and Community Development.
Westwood - 38109 - ranks second in foreclosures, with 331 this year and 5,107 since 2000 City Housing chief Robert Lipscomb says as foreclosed properties are renovated, the challenge will be finding buyers with the credit worthiness and low incomes that qualify for help.
"We've even got to look at lease purchase programs, because the people that have been foreclosed on are going to have a credit problem," Lipscomb said.
The airport area ranks third in Memphis foreclosure, with 293 this year and 4,305 since 2000. The business community and local government have created a neighborhood stabilization plan with one goal:
"Bottom line: what can we do to keep people in their homes?" said First Tennessee Bank's Dondi Black.
The numbers are mind boggling, from Raleigh to Hickory Hill, Kimball and Getwell to Pine Hill, Whitehaven, back to Hickory Hill and on to the Defense Depot area. In fact, local lenders hold 25 percent of Memphis mortgages. Competing banks are now working together to provide aid to those asking for help on the verge of losing a home:
"That's looking at a modification of terms of their existing mortgage, remediation, things that are really more proactive," Black said.
In the top ten foreclosure zip codes, half the mortgages were subprime where people were forced out as balloon payments started rising. Now the city, county and state are considering joining a class action lawsuit against subprime lenders:
"We're investigating it from a cost standpoint because before we engage we need to know how much it's going to cost," Lipscomb said.
Anyway you cut it, the numbers are grim. In 2008, Shelby County has suffered a grand total of 7,100 foreclosures, and since 2000, nearly 60,000 have lost their homes this way.
Wednesday, May 22 2013 10:32 AM EDT2013-05-22 14:32:03 GMT
(WMC-TV) - It is a tiny pest with a big bite that can do major damage. One Germantown family said it only took one infected tick to change their entire lifestyle – something they have been dealing withMore >>
It is a tiny pest with a big bite that can do major damage.More >>
Wednesday, May 22 2013 4:46 PM EDT2013-05-22 20:46:13 GMT
(WMC-TV) - The man accused of killing a police officer walked out of jail a free man Wednesday afternoon. Action News 5's Nick Kenney was there as Timothy McKinney was released. McKinney was accused ofMore >>
The man who pleaded guilty to killing a police officer walked out of jail a free man Wednesday afternoon.More >>
Wednesday, May 22 2013 2:33 PM EDT2013-05-22 18:33:03 GMT
(WMC-TV) - The City of Memphis is saying "goodbye and good riddance" to blight. A derelict apartment complex, formerly called Park Place Apartments, sat vacant for four years breeding crime. It is nowMore >>
A derelict apartment complex, formerly called Park Place Apartments, sat vacant for four years breeding crime. It is now being demolished.More >>
Wednesday, May 22 2013 5:48 PM EDT2013-05-22 21:48:12 GMT
(WMC-TV) - More jobs are coming to Memphis and city leaders are rolling out the red carpet to celebrate. Kruger Products is a leading nationwide towel and tissue manufacturer. The company announced theyMore >>
A Canadian company announced that are adding hundreds of jobs to its North Memphis office. Kruger Products rolled out the red carpet Wednesday afternoon to celebrate the expansion.More >>
Wednesday, May 22 2013 12:48 PM EDT2013-05-22 16:48:44 GMT
(WMC-TV) - A Mid-South mom is convinced that one of her children was murdered. Frances Chambers has spent the past four years and a lot of money investigating the death of her son Demond. Police in herMore >>
A Mid-South mom is convinced that one of her children was murdered, despite the medical examiner's report. More >>
Wednesday, May 22 2013 6:10 PM EDT2013-05-22 22:10:09 GMT
(WMC-TV) - Wednesday is the very last day of school for students and also the last day of the Memphis City Schools system. Action News 5's Justin Hanson is speaking to longtime MCS teachers and volunteersMore >>
Wednesday is the very last day of school for students and also the last day of the Memphis City Schools system.More >>
Wednesday, May 22 2013 6:22 PM EDT2013-05-22 22:22:48 GMT
(WMC-TV) - The Memphis Police Department fired two of its officers Wednesday. Marc Henderson, 32, and Parker Culver, 29, were terminated for personal conduct and violate regulation. In February, thereMore >>
Marc Henderson, 32, and Parker Culver, 29, were terminated for personal conduct and aid to violate regulation.More >>
Wednesday, May 22 2013 6:21 PM EDT2013-05-22 22:21:12 GMT
(RNN) - British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.According to BBC News, eyewitnesses said man was attacked in a streetMore >>
One man is dead after two men attacked him in broad daylight with knives and meat cleavers. More >>
Wednesday, May 22 2013 12:49 AM EDT2013-05-22 04:49:28 GMT
(WMC-TV) - A flood frustrated resident in a Southaven neighborhood called her backyard an ocean after severe weather Tuesday. Inside Louise Rinhart's home is not much better. "Carpet and I got hardwoodMore >>
A flood frustrated resident in a Southaven neighborhood called her backyard an ocean after severe weather Tuesday.More >>
Wednesday, May 22 2013 9:13 AM EDT2013-05-22 13:13:44 GMT
(WMC-TV) - Firefighters escorted several families from their flooded homes in Horn Lake after a rain-swollen creek rose beyond its banks Tuesday. The firefighters offered piggyback rides to children toMore >>
Firefighters escorted several families from their flooded homes in Horn Lake after a rain-swollen creek rose beyond its banks Tuesday.More >>