How Staying in Your House During Foreclosure Helps Your Community

The longer you stay in your home throughout the fore­closure process, the better off your lender, the ultimate pur­chaser, and your neighborhood will be. You’ve undoubtedly read articles about neighborhoods full of vacant homes, which are plagued by theft and vandalism. It’s become a very serious problem.

If the owners of those homes stayed put and continued to maintain them, everyone’s home values would likely be a lot higher. If you are the first one (or even the second or third) on your block to go through foreclosure, you single-handedly can be responsible for propping up the value of surrounding properties. My point is that you are earning your keep by remaining on the property until a new owner is ready to assume occupancy.

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