Sound Bite: Can Foreclosures Be a Neighborhood's Best Friend?

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  • Can Foreclosure Be a Neighborhood's Best Friend?
  • Mary Helen Petrus
  • Mary Helen Petrus, Community Development Manager, Federal Reserve Bank of Cleveland
  • Lead-in: A researcher at The Federal Reserve Bank of Cleveland is out with some ideas for beefing up foreclosure laws to help cities reclaim properties that have been left vacant or abandoned. Mary Helen Petrus says simplicity should be the focus.
  • Tag: While foreclosure isn’t always the best solution, it’s often a big help in cities with dwindling populations or weak economies where there aren’t enough homebuyers to purchase the homes available in the market.
  • | Audio only |
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Federal Reserve Bank of Cleveland: http://www.clevelandfed.org

Federal Reserve Bank of Cleveland (2)

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