Research Bureau Releases 2017 Foreclosure in Worcester Report

Full and original article posted on GoLocal Worcester

“Foreclosures can have a devastating effect on individuals and families, but properties slated for foreclosure, experiencing significant disinvestment and a lack of maintenance, also “present a danger to the safety and welfare of public safety officers, the public, occupants, abutters and neighborhoods and…constitute a public nuisance” (Worcester’s Vacant and Foreclosing Property Ordinance),” says the Research Bureau in its report.

The report shows that the number of petitions to foreclose increased 17% in 2016 following increases of 21% in 2014 and 80% in 2015.

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