Recently, Daren Blomquist, Auction.com VP of Market Economics, spoke to several neighborhood stabilization advocates who universally agreed that languishing vacant foreclosures help create blight.
“When a property is abandoned but does not go through foreclosure in a reasonable period of time, it will invariably blight the community,” said Julia Gordon, president of the National Community Stabilization Trust.
Learn how vacant or abandoned foreclosure properties can help destabilize neighborhoods by watching the latest episode of Disposition Download.