In cities across the country, banks are ditching out on foreclosed homes, giving more worries -- and bills -- to homeowners.
"City officials and housing advocates here and in cities as varied as Buffalo, Kansas City, Mo., and Jacksonville, Fla., say they are seeing an unsettling development: Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal - from legal fees to maintenance - exceeds the diminishing value of the real estate."
"The so-called bank walkaways rarely mean relief for the property owners, caught unaware months after the fact, and often mean additional financial burdens and bureaucratic headaches. Technically, they still owe on the mortgage, but as a practicality, rarely would a mortgage holder receive any more payments on the loan. The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure."
FULL STORY: Banks Starting to Walk Away on Foreclosures

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

Poor Conditions in Mobile Home Parks Put Residents at Risk
Failing infrastructure, poor water and air quality, and predatory owners endanger the health of manufactured home residents, many of whom are elderly and low-income.

How Complete Streets Stands to Lose in the FY26 ‘Skinny Budget’
The President’s proposed budget could cut key resources for active transportation, public transit, and road safety programs.

Dairy Queen and Rural Third Places
Dozens of Dairy Queen restaurants across Texas are closing, taking a critical community space with them.
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