Posted 1 year ago on April 25, 2012, 9:03 p.m. EST by NABNYC
This content is user submitted and not an official statement
I'm watching the pbs special about foreclosed or abandoned homes dragging down the entire community. In some cases, apparently they aren't even sure who owns it because the financing was sold. One simple tactic that could be used is to form a neighborhood or community organization, (Occupy Atlanta, Occupy Stockon) sue the property owner (get the name that is the record owner and use that) for nuisance, for allowing the home to be abandoned and detrimental to the community. Many of the owners won't show up. Ask for a judgment in the amount of the fair market value of the home. Foreclose, now you own the home. Rent it out to local residents at a fair rent, and have the community group go in and clean it up before listing it.