Reports

“In May, Good Jobs LA, ACCE and SEIU Local 721 sent teams of local community activists into the streets of LA to map the extent of the bank-induced blight epidemic. In three weeks, they assessed 4024 properties which, as of the end of January, were at some stage in the foreclosure process, i.e. Notice of Default, Notice of Trustee Sale or Bank-Owned.”

What you can do to protect yourself and your neighborhood if …

“In May 2010, the City of Los Angeles passed a Foreclosure Registry Ordinance designed to  “protect [Los Angeles] neighborhoods from becoming blighted.” The ordinance requires banks to register properties that they have foreclosed or as soon as they begin the foreclosure process by issuing a Notice of Default (NOD). It imposes tough fines of up to $1000 per day on banks that fail to maintain those properties.”

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: