Barrio Logan

STUDY SHOWS COSTS TO SAN DIEGO NEIGHBORHOODS AND LOCAL GOVERNMENTS CAUSED BY FORECLOSURES

 

July 16, 2011 (San Diego) -- Home foreclosures in the City of San Diego are costing local governments hundreds of millions of dollars, in addition to billions lost by neighboring homeowners, a study by the Center on Policy Initiatives shows.  

The report, Foreclosure: the Cost Communities Pay, projects almost 57,000 foreclosures in San Diego over five years, and recommends the City take action to hold banks accountable for the resulting costs.


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