On September 25th, the U.S. Government Accountability Office (GAO), often called the “congressional watchdog,” issued a report on reverse mortgages. Reverse mortgages allow seniors to convert part of their home equity into payments from aREAD MORE
Universities of Boston and Stanford Paper: “How Do Foreclosures Exacerbate Housing Downturns?”
As discussed in a recent article from MarketWatch, “A new working paper authored by researchers at Boston University and Stanford University investigates the ways in which foreclosures exacerbate a housing bust and reduce prices for non-distressed homes.READ MORE
New Jersey “Foreclosure Database” & “Land Bank Law”
Foreclosure Database Following a conditional veto, on June 24th, Governor Phil Murphy signed A5000 into law. A5000 orders the Department of Community Affairs to create a statewide database of all homes under foreclosure as aREAD MORE
New York State Senate: Investigative Report on Code Enforcement in New York State
On August 6th, the New York State Senate Committee on Investigations & Government Operations issued a report titled, Investigative Report on Code Enforcement in New York State. Per the press release from Senator James Skoufis, ChairREAD MORE
Journal of Behavioral Medicine “Urban building demolitions, firearm violence and drug crime”
In February, we reported on a LSU Department of Sociology study showing a statistical connection between homicide, blighted buildings and convenience stores in Baton Rouge, LA. In a recent article, Newsweek discusses a study inREAD MORE
New York State “Zombies 2.0” – Attorney General James Announces Funds To Combat Zombie Homes And Revitalize Neighborhoods
On July 10th, New York State Attorney General Letitia James announced the recipients of $9 million in grants to address the growing statewide issue of “zombie homes” – vacant or abandoned homes that are not maintained duringREAD MORE
Murphy shoots down foreclosure online database measure
A recent article from NJBiz discusses a conditional veto from Gov. Phil Murphy on legislation that would have required the Department of Community Affairs to create an online database and interactive map of residential propertiesREAD MORE
Foreclosure Crisis Impacts on Local Voter Participation
Following is a press release from the University of Wisconsin-Milwaukee, discussing how the most recent foreclosure crisis negatively impacted voter turnout. Foreclosure Crisis Eroded Milwaukee Voter Turnout The foreclosure crisis that accompanied the Great RecessionREAD MORE
Kansas City MO “Codes Advocate”
A recent article in discusses the hiring of a “codes advocate” to be the go-between between the code department and residents in Kansas City, MO. The article has an intriguing quote, “The idea is itREAD MORE
Code Enforcement Liens: Carrot or Stick? Or both?
So I came across an interesting article, the headline, and in fact the article itself, was very matter of fact. The headline read “Code violators owe Estero more than $2M in fines. The Village CouncilREAD MORE
Bloomberg “The U.S. Mortgage Market Needs Better Plumbing”
“Zombie Foreclosures” a thing of the past? Not if you read this article! Great recommendations, especially geared towards avoiding foreclosure but as it pertains to blight, recommending transferring a property “as-is” is scary. Vacant propertyREAD MORE
GOPC Report “Misconceptions About Vacant Property Registries” – an Analysis
In September of 2018 the Greater Ohio Policy Center issued a report “Misconceptions About Vacant Property Registries”. The report provides an overview of Vacant Property Registration Ordinances along with guidance for communities seeking to implement theREAD MORE