Foreclosure and Crime

Distressed homeowners have more than one reason to worry now. Slavic Village, an economically backward neighborhood in Cleveland, has gained the dubious reputation of being the worst neighborhood in the country for foreclosures. According to a report released recently, it was found that Slavic Village recorded the highest number of foreclosure filings in a single quarter than anywhere else in the nation!

As soon as the homeowners moved out of their foreclosure homes, miscreants and squatters move in. What's even sadder is that it takes just about 72 hours for these repossessed homes to be looted once they have been vacated. Looters take away everything right from gutters to downspouts to stripping the moldings, unscrewing the doors, and the appliances. However, if this wasn't enough, the mobs use a sledge hammer to pull the piping out as well!

Putting these foreclosure homes for sale back together requires a lot of money. Restoration work doesn't come cheaply and an as-is condition of the property won't fetch any buyers. Razing such dilapidated homes isn't a feasible option as most counties don't have enough funds for demolition work. Derelict properties in foreclosure are increasing becoming dumping grounds for garbage, especially for those residents who can't afford the haulage. In cold and damp climates, such houses disintegrate quickly and easily.

But homeowners aren't giving up just yet. They are now installing stronger entrance doors with thick locks. Windows are fixed with inch thick plywood. Homeowners have also become smart enough to not leave any valuable inside. Organized neighborhood watches, fighting the mob on their own, and seeking the help of police that is often missing in action are some other measures taken to thwart looters.

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