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Lenders Lax In Maintaining Foreclosed Properties As Tenants Struggle In Rotting Homes

By r morris

In Boston, Massachusetts, The Boston Globe reports: Despite a year-old city ordinance designed to keep foreclosed properties from falling into disrepair, many lenders who have taken over properties are absentee landlords. That leaves [...] tenants [...] to cope with decaying living conditions in apartments that, in many cases, were already substandard. Some struggle to receive basic services,

Full post as published by The Home Equity Theft Reporter on February 05, 2009 (boomark / email).