|why foreclosures matter » communities|
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Property Values, Vacancies, Prices, and Rents
Foreclosures can lead to vacancies and abandonment, destabilizing neighborhoods and decreasing property values.
Disorder, Crime, and Violence
Vacant, foreclosed homes may lead to disorder and can harbor criminal activity.
Public Sector Costs and Fiscal Health
Foreclosures can worsen cities' fiscal problems by reducing property tax revenue while increasing costs for code enforcement, police, and fire departments.
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