By Tim Reid – The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming. A burst pipe in the kitchen ceiling leaked water onto a floor littered with half empty cans, razor blades, odd shoes, stained clothing and an upturned, mold-ridden sofa. Windows were smashed and boarded up.
Across America, bank-owned, blighted houses sit untouched, sometimes for years, disfiguring what in many cases are already troubled neighborhoods. Activists say the problem is particularly acute in minority areas. And many cities do not have the resources, the will or the power to force banks to maintain their properties. more> http://tinyurl.com/7crn9q6
- Tampa, bank unite for homeowner program targeting blight (tbo.com)
- Volunteers on the prowl for visual blight in Springfield (jacksonville.com)
- 70% of San Diego voters favor fining banks for blighted foreclosures (obrag.org)
- Group targets neighborhood blight (toledoblade.com)
- Oakland law would pressure banks over blight (sfgate.com)
- Who should pay to maintain vacant homes? (atlantahoamanagement.wordpress.com)