Vacant & Abandoned Property Problem Addessed At U.S. Conference of Mayors

In Miami, Florida, The Miami Herald reports:

• Underscoring one of the chief frustrations cities face in dealing with the nation's foreclosure crisis -- collecting on liens for code violations, [mayor of Louisville, Kentucky, Jerry] Abramson kicked off a strategy session at the U.S. Conference of Mayors in Miami Sunday to tackle the growing problem of vacant and abandoned property. As the nation's cities tighten budgets amid a slowing economy, preventing vacant homes from falling into decay and dragging down property values is becoming increasingly difficult.

For more, see U.S. mayors seek solutions to vacant-homes crisis (Mayors attending their conference in Miami tackled the growing problem of vacant and abandoned properties stemming from the foreclosure crisis) (if link expires, try here).

From the U.S. Conference of Mayors, see:

• Vacant and Abandoned Properties: Survey and Best Practices (42 page report),
• Press Release: Foreclosure Crisis Adds to Existing Vacant and Abandoned Property Problems in Cities (go here for Spanish version),

Go here for other posts on code violation problem when homes in foreclosure are abandoned by the owner and the foreclosing lender either fails to complete foreclosure or fails to record its deed after foreclosure sale. responsibility code violations foreclosure