Buying a Home Foreclosure News: Study indicates ripple effect on cities from home foreclosures

Study indicates ripple effect on cities from home foreclosures - Yahoo! News: "MINNEAPOLIS -- City governments inevitably endure some of the costs associated with home foreclosures, but exactly how much has been anyone's guess, until now.
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According to a new study entitled 'Collateral Damage: The Municipal Impact of Today's Mortgage Foreclosure Boom,' the foreclosure of a single-family home, especially one that leaves the home vacant and unsecured, may, in some cases, generate direct municipal costs on cash-strapped public agencies in excess of $30,000 per property"
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