As REOs Expand, Empty Houses Overwhelm the Neighborhood

by Benjamin Domenech on 9:07 am March 3, 2009

Report digs further into “growing number of bank-owned properties in foreclosure scarring neighborhoods across the country,” as bank-owned foreclosed properties sit in limbo, driving down property values with “blight, vandalism and neglect” even more as banks ignore the problem (they’ve got bigger ones on their hands).

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