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Monday, April 16, 2012

Foreclosed properties could fall under nuisance law penalties

From the SF Examiner,
Photo: Mike Koozmin, SF Examiner
Owners of foreclosed properties in San Francisco, such as banks, are coming under fire for allowing some of those homes to fall into disrepair.

Supervisor Malia Cohen, whose District 10 includes the Bayview, has introduced legislation that would subject foreclosed properties to The City’s nuisance law, which allows for court abatement injunctions and fines. It also would triple the nuisance penalties for owners of 10 or more foreclosed properties.

The proposal is an attempt to address one of the impacts of the foreclosure crisis.
Read more at the San Francisco Examiner

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