A new program to lessen the blight from too many vacant and neglected foreclosure homes is being tested in west Phoenix.
A few weeks ago, Phoenix's Neighborhood Services Department began closely monitoring foreclosure homes in the area between 75th and 91st avenues and Thomas and Camelback roads. A city inspector checks houses about to be foreclosed on or already in foreclosure for common signs of neglect: tall weeds and grass, dead plants, abandoned vehicles, junk and litter, open windows or doors, broken fences and graffiti.
Phoenix Councilman Claude Mattox said the pilot program will work with homeowners in foreclosure and lenders with homes taken back through foreclosure. Both groups will be notified about violations on their properties, and a system to track their responses and actions has been set up.
The program will last six months. If it cuts down on the area's crime and blight due to foreclosures, Mattox said it could be expanded in other parts of Phoenix.
• New housing laws: Here's a recap from the Arizona Association of Realtors of six new state laws that could have the biggest impact on the real-estate industry. HB 2345: Homeowners associations are prohibited from banning the display of temporary open-house signs, except in common areas. HOAs are also prohibited from regulating a seller's "for sale" sign if it meets industry standards.
HB 2371: Swimming pools and spas are now part of home inspections.
HB 2450: Municipalities can't refuse service or require payment for unpaid water and wastewater services from anyone except the person contracted for them.
HB 2766: Landlords facing foreclosure must provide residents with written notice about a trustee sale of the home they are renting. If a landlord fails to do so, a tenant can recover damages.
HB 2768: This prohibits home sellers from paying private transfer fees to developers or third-party firms.
SB 1219: The law sets a two-year period for real-estate licenses and allows real-estate agents to cancel their licenses.
by Catherine Reagor The Arizona Republic August 31, 2010
Phoenix aiming to ease foreclosure-home blight
Reuters: Business News
National Commercial Real Estate News From CoStar Group
Latest stock market news from Wall Street - CNNMoney.com
- ► 2018 (59)
- ► 2017 (81)
- ► 2016 (145)
- ► 2015 (146)
- ► 2014 (102)
- ► 2013 (395)
- ► 2012 (392)
- ► 2011 (704)
- America's Most Expensive ZIP Codes 2010 - Yahoo! R...
- Market Recap - Week Ending September 24, 2010
- Cave Creek council holds off development in key ac...
- Scottsdale seeks development proposals for 80 acre...
- Unusual worry for economy: Is inflation in U.S. to...
- Geithner: U.S. banks are well-positioned
- Fed concerned with weak recovery
- Phoenix-area home-price forecast mixed
- Foreclosures still driving region's home prices do...
- Economists: Arizona recession is finally over
- New Basel rules may drive mergers and acquisitions...
- Obama health care reform imposes 3.8% tax on all i...
- Market Recap - Week Ending September 17, 2010
- Appeals ruling allows HOA to sue developer
- New subdivisions starting to sprout
- Feds: Bank to forfeit funds tied to Web scheme
- China trade practices angering Congress
- Senate OKs $30 bil to aid small businesses
- Fulton Homes, creditors seek settlement
- Cubs, Waveyard could share site at Mesa golf cours...
- Banks shun bad Fannie, Freddie costs
- Bankruptcy filings rose in August
- Struggling Arizona homeowners can apply for federa...
- 2.5 million homes in foreclosure, shadow inventory...
- Mortgage and Real Estate Video News
- Banks Add REO Inventory at Record Pace in August. ...
- Market Recap - Week Ending September 10, 2010
- 2 reports dampen fears of double-dip recession
- Arizona gets $45 million for foreclosure crisis
- Phoenix housing market lacks supply of homebuyers
- Housing market for Valley had rough Aug.
- Homebuyer tax credit: 950,000 must repay - Sep. 9,...
- Market Recap - Week Ending August 27, 2010
- Pitfalls Of Borrowing From Your 401(k) - IBD - Inv...
- Pointe Hilton resort up for sale
- Loan modification program in Phoenix helps fewer t...
- Homebuilding is set to take off in Gilbert
- Bernanke: Shut banks imperiling system
- Gaylord, DMB seek 3-year extension for Mesa projec...
- Property-tax bills finally reflect fall in Phoenix...
- Bank bailout imperils Irish recovery efforts
- China's manufacturing grows
- Phoenix-area homebuilders surviving slump
- Hard-hit banks in Arizona show signs of stabilizat...
- Dick Fuld, former Lehman CEO, in exile - Aug. 25, ...
- Home prices rise in 17 cities in June - Washington...
- Phoenix aiming to ease foreclosure-home blight
- Centerpoint condos sold for $30 million
- Developer has vision for Gilbert site
- First-time homebuyers get a break in Chandler
- Housing double-dip threatens banks | Analysis & Op...
- Credit Cards Are Exception to Lower Consumer Rates...
- Lenders increase efforts on bad loans
- HOA groups in Arizona cutting services, raising fe...
- 13 homes OK'd at PebbleCreek
- Cavco loses $3 million manufacturing contract
- Volcker-led economic panel pushes lawmakers to sim...
- Expert: Phoenix area home prices likely to stay fl...
- Judge: No liquidation for Fulton
- Toll Brothers posts profit for 3rd quarter - Busin...
- CDFI Fund - U.S. Treasury - Awardee Profiles Detai...
- Trial mortgage-loan modifications fell in July
- Fulton Homes bankruptcy not a quick fix
- AIG is repaying $4 billion in federal loans
- Programs aim to aid low-wage homebuyers
- Waterfront developer wants to build nearly 150 fee...
- Capitol Bancorp awarded $44.8 million
- YouTube - Indymac Boys Get Sweetheart Deal
- Hulu - CNBC Originals: House of Cards - Watch the ...
- Fannie cracks the foreclosure whip | Inman News
- ▼ September (70)