Declining Property Values Not the Only Threat from Neighboring Houses
The effect of foreclosure on neighboring property values has been well-documented, but Fortune Magazine brings us reports of another troubling possibility: a jump in arson among homes in foreclosure. The FBI has reported an increase in suburban arson for 2006. Something to watch for as the year-end statistics on 2007 become available.
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Two homes near me have burned down in the last four weeks.
Of course, I'm not in the suburbs.
January 15, 2008 10:36 PM | Reply | Permalink
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