{"id":2894,"date":"2013-04-09T09:15:46","date_gmt":"2013-04-09T13:15:46","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=2894"},"modified":"2013-04-09T09:17:39","modified_gmt":"2013-04-09T13:17:39","slug":"banks-as-slumlord-renters-reducing-property-values","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2013\/04\/banks-as-slumlord-renters-reducing-property-values.html","title":{"rendered":"Banks as slumlord renters reducing property values"},"content":{"rendered":"<p>\r\nLou Raguse write for WIVB.com 4 April 2013,\r\n<a href=\"http:\/\/www.wivb.com\/dpp\/news\/erie\/cheektowaga-picks-fight-with-big-banks\">\r\nCheektowaga picks fight with big banks<\/a>,\r\n<\/p>\r\n<blockquote>\r\n<p>\r\n<a href=\"http:\/\/www.city-data.com\/real-estate\/CHEEKTOWAGA-NY-14225.html\">\r\n<img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\" width=\"260\" height=\"186\" src=\"http:\/\/pics4.city-data.com\/ztrends\/14225.png\"><\/a>\r\nCHEEKTOWAGA, N.Y. (WIVB)&mdash;Neighbors in Cheektowaga say empty\r\nhouses are ruining the value of their neighborhoods and bringing in\r\nunwanted guests.\r\n<\/p>\r\n<p>\r\nResidents want to know why these properties, seized by banking\r\ngiants, have been left to crumble. The town board says they have\r\nserious issues with the homeowners.\r\n<\/p>\r\n<p>\r\n&#8220;In normal life, you would call them slumlords,&#8221; says Town Board\r\nMember Charlie Markel.\r\n<\/p>\r\n<p>\r\nThose so-called &#8220;slumlords&#8221; are big banks like Bank of America and\r\nChase. Markel says in too many cases, a homeowner falls behind on a\r\nmortgage and the bank begins to foreclose. But then, it stops short.\r\nHe says the bank continues paying property tax but allows the homes\r\nto fall into disrepair, never allowing them back on the market for\r\nsale, or to be auctioned.\r\n<\/p>\r\n<\/blockquote>\r\n<p>Let&#8217;s remember what \r\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2012\/10\/valdosta-3rd-poorest-city.html\">\r\nlast year&#8217;s study of America&#8217;s richest and poorest cities<\/a> found\r\nabout the Valdosta MSA:\r\n<\/p>\r\n<a href=\"http:\/\/www.city-data.com\/housing\/houses-Valdosta-Georgia.html\">\r\n<img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\" width=\"260\" height=\"186\" src=\"http:\/\/pics4.city-data.com\/ctrends\/ctr4349.png\"><\/a>\r\n\r\n<blockquote>\r\n<p>\r\nDespite these positives, 14.4 percent of housing units were vacant\r\nlast year [2011], higher than the national vacancy rate of 13.1\r\npercent.\r\n<\/p>\r\n<\/blockquote>\r\n<p>\r\nI wonder how big national and multinational banks are serving our area?\r\nAnd with a vacancy rate that high, and\r\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2012\/12\/valdosta-housing-prices-still-dropping-forbes.html\">housing prices still dropping<\/a>,\r\nwhy are we building more houses?\r\n<\/p>\r\n<p>\r\n -jsq\r\n<\/p>","protected":false},"excerpt":{"rendered":"Lou Raguse write for WIVB.com 4 April 2013, Cheektowaga picks fight with big banks, CHEEKTOWAGA, N.Y. (WIVB)&mdash;Neighbors in Cheektowaga say empty houses are ruining the value of their neighborhoods and bringing in unwanted guests. Residents want to know why these properties, seized by banking giants, have been left to crumble. The town board says they [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[14,8,19,1138,21,22],"tags":[6118,1072,4345,6116,6115,8704,6120,8701,8709,8702,12,7,8819,8711,8712,6119,6117,6,4624],"class_list":["post-2894","post","type-post","status-publish","format-standard","hentry","category-economy","category-georgia","category-history","category-new-york","category-planning","category-politics","tag-bacancy","tag-bank-of-america","tag-banks","tag-chase","tag-cheektowaga","tag-economy","tag-empty","tag-georgia","tag-history","tag-lake","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-new-york","tag-planning","tag-politics","tag-renter","tag-slumlord","tag-valdosta","tag-value"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p585fK-KG","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/2894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=2894"}],"version-history":[{"count":2,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/2894\/revisions"}],"predecessor-version":[{"id":2896,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/2894\/revisions\/2896"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=2894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=2894"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=2894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}