Wednesday, November 25, 2009

The Foreclosure Issue

Foreclosures is the Elephant in the Room that most Council candidates are dodging.

Worcester has had one of the highest foreclosure rates in the state for the last 3 years. Banks are emptying buildings and leaving them to go to ruin. This blight brings rising crime and homelessness, plunging tax revenues, emptying schools and plunging property values, with a huge proportion of new homeowners throughout the City now “under water”.

Only Grace Ross has made this a central issue, organizing residents and shepherding bills through the Council to keep people in their homes and direct public money for home-buying to city residents rather than outside speculators.
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