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Vacant Homes Still Plaguing Prince George's Neighborhoods

There are almost 2,000 vacant foreclosures in Prince George's County.

Hundreds of vacant foreclosed homes are still plaguing Prince George's County neighborhoods, the Washington Post reports.

Even with the housing market recovering in the county, there are still around 51,000 foreclosures in the county and around 1,900 of them are vacant, the paper writes.

According to the Post, officials are trying to deal with the problem by distributing funds to buy vacant foreclosures and by requiring banks to register foreclosed homes.

Ken Montville January 16, 2013 at 12:22 PM
This is sad considering the number of home buyers that are in the market place. Of course, there are two problems, as I see it. First, the homes are in such poor physical condition that they would require tens of thousands of dollars to repair and be made livable. Second, lending for this type of home - needing the extensive rehab - is tighter than lending for "regular" homes. Unfortunately, home buyers that might fix up these places can't get the rehab loan or FHA 203(k). Result: they sit and continue to add to neighborhood blight.
Beth January 16, 2013 at 12:23 PM
If the banks would move the inventory faster there would not be as many vacant! There also would not be the thefts of copper etc.!
Lucille January 16, 2013 at 01:10 PM
The banks do not want the houses because there are so many of them. And the value of the houses are much less than the mortgage owed. Still some people want to remain in their homes because they signed a contract.
Ryan McDermott January 16, 2013 at 06:58 PM
Do you see vacant homes in your community? Are they an eyesore?
MarcusofMaryland January 17, 2013 at 04:29 AM
I agree with ken, i just think that these ran down houses should be knocked down and rebuilt. Some of them anyway because of the cost to fix them will probably cost the price of a fully demo and remodeled house./new house. I believe them boiler/hydronic/radiator systems in houses should be done away with also.

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