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Thursday, October 15, 2009

Increase in foreclosed properties in Missouri

There has been increase in Foreclosed properties in Missouri. The number of foreclosed properties has increased from 2,000 to more than 7,500 in just one year. According to Forbes magazine, Kansas City is considered most abandoned city due to high homeowner vacancy and rental rates. Many neighborhoods are at critical stage which has affected everyone not only residents. Each resident in Kansas City has to pay extra costs on mowing the lots, demolishing dilapidated buildings or boarding up abandoned houses. The situation could worsen if no one can find a way to fight against foreclosure problem. A Catholic priest, Reverend John Wandless has launched the Urban Ranger Corps initiative which aims to repair houses in the city to help young people who are at risk.

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