foreclosures: Broken Window Theory and Foreclosed, Distressed Properties
- 09/19/11 10:26 AM
Are you familiar with the broken window theory? It is a theory originated about 30 years ago. It stated that maintaining neighborhoods in a well ordered condition may prevent further vandalism as well as escalation to more serious crimes. Vacant properties can be targets of vandalism and/or crime. If you have a vacant property in your neighborhood and you notice it is deteriorating, there are steps you can take.
First, see if there are any signs posted in the windows giving a contact number. Banks contract with these companies to maintain their foreclosed properties. Second, if there is a for … (0 comments)
Are you familiar with the broken window theory? It is a theory originated about 30 years ago. It stated that maintaining neighborhoods in a well ordered condition may prevent further vandalism as well as escalation to more serious crimes. Vacant properties can be targets of vandalism and/or crime. If you have a vacant property in your neighborhood and you notice it is deteriorating, there are steps you can take.
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