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Housing Advocates Say Industry Is Skirting Health and Safety Ordinances, While Taking Taxpayer Money
The end result: Some of the same servicers the Obama Administration is urging to complete more loan modifications still are walking away entirely from vandalized homes, or failing to fix broken windows, get rid of junked cars, clear trash, repair damaged roofs and gutters, or even demolish a condemned house, all of which can be violations of local housing codes. And housing courts keep hearing persistent arguments from servicers that they’re merely temporary custodians who can’t alienate investors by spending money to bring properties up to code.
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