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Old 01-21-2008, 10:53 AM
hometowngrl53 hometowngrl53 is offline
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Default Who's responsible for "orphaned" properties

Who's responsible for 'orphaned' properties?
The mortgage meltdown has blighted neighborhoods with abandoned houses. In some cities, courts are now stepping in to hold lenders accountable for the mess foreclosure leaves behind.

By Michael Orey, BusinessWeek

On Dec. 17 in a windowless Buffalo, N.Y., courtroom, Cindy T. Cooper, a prosecutor for the city, buzzes among a dozen men in suits, cutting deals. "You've got to unboard (the house), go in and clean it out," she tells one. "If all the repairs are done quickly, I wouldn't ask for any fines." To another, she says, "The gutters weren't done right," and asks to see receipts for the work

read herehttp://realestate.msn.com/buying/Article_busweek.aspx?cp-documentid=6015750
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