Foreclosed properties: Keeping up appearances

News of rising foreclosures and the subprime mortgage debacle has captured headlines of late, but one aspect of the foreclosure problem has been a quiet calamity.

As homes go into foreclosure and are vacated, they often become run-down and subsequently drag down the property values of nearby homes, making everybody’s bottom line suffer.

Jeffco Commissioner Kathy Hartman told a group representing various South Jeffco homeowners that neighborhoods must come together to keep up the appearance of vacated homes to prevent area property values from falling.

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