With some California cities facing rising vacancy rates, here's how they plant to use “empty homes penalties” to combat affordability issues as well as blight.
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The Week Ahead: Focus on Vacant Property Law
A complimentary webinar by Legal League 100 will give insights on vacant and abandoned property law on Wednesday. Here’s what else is in store in the week ahead.
Read More »The Siege on Communities: NMSA Calls for Action
The National Mortgage Servicing Association has issued a report calling for standardization of procedures, definitions, and best practices surrounding vacant and abandoned residential properties. Many of these properties are forced to go through lengthy foreclosure processes, resulting in extensive vacant periods during which, according to the report, attract crime, lower property values, and cause community blight. The NMSA hopes the report will spur interagency discussion of the issues these properties create.
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