It doesn’t take an analyst to recognize that home foreclosures, already high, will reach unprecedented heights in 2009. This also means a massive spike in crimes that inevitably accompany home foreclosures. These facts make the situation clear:
Bloomberg reports that foreclosures rose 81% in 2008 (1).
The White House forecasts almost 3 million jobs lost in 2009 (2).
The FDIC states that job loss puts 32% of homeowners over the edge into foreclosure (3).
This article answers two questions:
1) What can banks, corporate insurance agencies and property preservation companies do to protect their foreclosed home investments from burglary, theft and vandalism?
2) What can homeowners living in neighborhoods with high foreclosure rates do to protect their property values?
Table of Contents:
>> 3 Types of Crime at Vacant, Foreclosed Homes
>> 8 Security Challenges for Vacant, Foreclosed Homes
>> 10 Ways to Protect Foreclosed Homes and Neighborhoods from Crime
>> 2 Other Relevant Security Resources
>> Foreclosed Home Crime News and Resources