There is an interesting article in Business Week about how some cities are now requiring the banks to repair and maintain properties that they hold the note on when they have begun foreclosure and the house is now vacant. Not only do they fine them if they find they are allowing houses to have “brown lawns or green pools” but they then put a lien on the house that allows the courts to hold up sales of ANY properties that bank owns until they bring the properties up to standards. That may change their mind on holding vacant properties off the market.
//www.msnbc.msn.com/id/22506609/
