Mortgage Default Information

Don't Let Foreclosed Homes Ruin Your Neighborhood

Investopedia |

In Brief...

Vacant or foreclosed homes can diminish an area's quality. The Danger of Doing Nothing According to NeighborWorks America, a national nonprofit providing financial support, technical assistance and training for community-based revitalization efforts, vacant homes take an economic, physical, and social toll on a neighborhood.. Encouraging Crime Crime is a major concern with these vacant homes. The vacant homes also lead to increased municipal costs because of the need for more services, such as police, fire and code enforcement. What You Can Do Take measures to stabilize your neighborhood before your home loses value. parking cars in the driveways of vacant homes to give the appearance that the home is occupied maintaining the lawn painting the boards to look like doors and windows clearing trash and organizing neighborhood clean-up projects .

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