When your neighbor’s home goes into foreclosure, it’s generally foreclosed by the bank quietly and with little fanfare. In a falling real estate market, many banks are understaffed and unprepared to handle the huge volumes of foreclosures, which means that home may not go back on the market for months, maybe years.
But that doesn’t mean you have to sit back and do nothing while the home deteriorates and attracts unwelcome criminal elements. Here are 10 things you can do to protect your neighborhood from the fall-out of foreclosures.
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