MORTGAGE FORECLOSURE CRISIS ADDS TO PROBLEM PROPERTY INVENTORIES, COSTS IN CITIES ACROSS U.S.

June 14, 2010 – (RealEstateRama) — For another year, the nation’s mortgage foreclosure crisis continued to complicate U.S. cities’ efforts to manage and dispose of growing inventories of vacant and abandoned properties, according to the most recent survey of mayors conducted by The U.S. Conference of Mayors and released today during the organization’s annual meeting in Oklahoma City. Today’s report is the fourth in the Conference’s series on cities’ efforts to combat problems of vacant and abandoned property.