Foreclosure crisis hits home on old Philly block

Tourists visit Philadelphia's Elfreth's Alley Wednesday, March 6, 2002, in Philadelphia. Elfreth's Alley residents, some of whom have lived their for generations, say it has always been a vibrant warm community that cares about the quaint, little side street and the history it represents. The alley is the oldest residential street in the nation.

January 11, 2011 5:06:49 AM PST
Mold covers the drywall, windows and floors; dusty furniture languishes inside. It's just like any of the thousands of abandoned homes dotting suburban ghost towns in the wake of the foreclosure crisis - except this brick row house is in the heart of old Philadelphia, on one of America's first residential streets.