St. Pete, Florida is attempting to set up a foreclosure registry where banks would be required to register foreclosed homes in their inventory and the agency responsible for upkeep.
We'll have to keep an eye on St. Pete. This is something that every state could use. Property values for people in neighborhoods with foreclosures (pretty much every neighborhood has at least one these days) are negatively affected when these houses are left abandoned. To say nothing of the value of the house itself. It's heart breaking to see thousands of dollars of damage done to a house so vandals could steal a couple hundred dollars of copper.
Read the whole story here.
