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Cities fight blight of foreclosed homes

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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. Unmaintained, vacant properties are eyesores that can reduce neighborhood property values, decrease the overall aesthetics of a neighborhood and can even present a threat to public health. Because of these negative impacts and frequent problems with property neglect, a growing number of municipalities have adopted vacant property maintenance programs or ordinances. Chula Vista sets the tone One of the first jurisdictions to implement such a program was Chula Vista, a city south of San Diego with more than 2,000 vacant properties. Since Chula Vista's Abandoned Residential Property Program went into effect in October 2007 ...