Blog
Heirs’ Property
How Community Partners and Local Governments Collaborate to Address Heirs’ Property
Residents who live near vacant, abandoned, and deteriorated (VAD) properties acutely understand their negative physical, mental, and financial impacts. But each VAD property has a unique story—and that property’s history is not always obvious. Imagine your family has a home that has been passed down through multiple generations. Your grandparents…
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Why Heirs’ Property is a Problem for Vacancy and Abandonment
To address vacant, abandoned, and deteriorated (VAD) properties, local governments must first identify what types of VAD properties exist in the community. Some properties are abandoned with no mortgage and near tax foreclosure. Some fall into disrepair during a long mortgage foreclosure process. In other cases, a property owner may…
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