Description

Book Synopsis
During the continuing foreclosure crisis and economic downturn, increased numbers of vacant residential properties are becoming vandalised or dilapidated, attracting crime, and contributing to neighbourhood decline in many communities across the country. Even though homeowners whose properties are being foreclosed upon may continue to occupy their properties until after a foreclosure sale occurs, many leave their homes during the foreclosure process. In addition, properties for which a new entity has assumed ownership through foreclosure may be vacant until the property is resold. This book explores the concern over the costs that foreclosed and unattended vacant homes are creating for local communities and the strategies state and local governments are using to address unattended vacant property problems and the challenges those governments face.

No One Home: Challenges & Costs of Vacant

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    A Hardback by Milton L Jackson, Gene A White

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      Book details

      Publisher Nova Science Publishers Inc
      Published 26 September 2012
      ISBN-13 9781619428294
      978-1619428294
      ISBN-10 1619428296
      Also in:
      Law Housing law Housing and homelessness

      Description

      Book Synopsis
      During the continuing foreclosure crisis and economic downturn, increased numbers of vacant residential properties are becoming vandalised or dilapidated, attracting crime, and contributing to neighbourhood decline in many communities across the country. Even though homeowners whose properties are being foreclosed upon may continue to occupy their properties until after a foreclosure sale occurs, many leave their homes during the foreclosure process. In addition, properties for which a new entity has assumed ownership through foreclosure may be vacant until the property is resold. This book explores the concern over the costs that foreclosed and unattended vacant homes are creating for local communities and the strategies state and local governments are using to address unattended vacant property problems and the challenges those governments face.

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