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A decade after the housing and financial crisis of 2008, foreclosure still affects one in every 96 households, and another three million loans are likely to reach the foreclosure pipeline this year—leaving millions of houses potentially vulnerable to neglect.
This neglect creates a serious problem for the surrounding neighborhoods, both for the risks to health and safety as well as for the drag on local economic development, including the diminished attractiveness of the neighborhoods to new residents and homebuyers.
Today, @repcummings and I called on the Government Accountability Office to study the practices that are leading to this neglect in order to identify a way to put an end to this type of unfair treatment.https://desaulnier.house.gov/media-center/press-releases/desaulnier-and-cummings-request-gao-review-practices-contributing …
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