Industry NewsMarkets & Economy

Cities fight blight of foreclosed homes

Solutions range from fines to demolition
Published on Aug 19, 2009

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In cities where foreclosures remain an epidemic, it is not uncommon for homes to sit vacant and abandoned for prolonged periods of time.

These vacant properties aren't always properly maintained or secured by the lenders and servicers who have taken responsibility for them, which can make them prime targets for vandalism, squatting and raging parties.

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