As thousands of houses continue to foreclose, many homeowners and real estate experts are predicting that abandoned homes will blight neighborhoods across the country and send property values plummeting.
"Stagnant swimming pools spawn mosquitoes, which can carry the potentially deadly West Nile virus. Empty rooms lure squatters and vandals. And brown lawns and dead vegetation are creating eyesores in well-tended neighborhoods."
"More than 100 houses a day are being foreclosed on in Southern California, up from 13 a day last year. That's still a relative handful for such a populous area, but even the optimists predict that the problem will soon get much worse."
"If the foreclosure trend continues on its current pace, experts warn, communities will need to act decisively to avoid blight."
"Authorities and real estate agents say similar problems arose during the wave of foreclosures in the 1990s, when houses stayed empty for months."
FULL STORY: Blight moves in after foreclosures
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New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions