Viewing a single comment thread. View all comments

Expendable_Red_Shirt t1_j425z3w wrote

The solution is repossession not writing that off.

−1

Animanialmanac t1_j427x8u wrote

Do you mean receivership?

The city can’t repossess a house, a bank could file foreclosure proceedings and then file for possession if the property is mortgaged, most of these are not mortgaged.

Receivership is a long expensive process in the city. At the end of the process the city will own the property. The city also fails at maintaining the city owned vacant properties.

https://www.cbsnews.com/baltimore/news/baltimore-city-continues-to-grapple-with-vacant-house-problem/

2