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    Center on Policy Initiatives

Foreclosure the Cost Communities Pay (2011)

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CPI Report

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Analyses indicate that lack of oversight and lax regulation contributed significantly to the foreclosure crisis. Most of the options available for stemming the foreclosure crisis are available only at the state and federal level. All of the options – legislation, regulation and assistance programs – are moving slowly. Action must be taken both to stem the foreclosure crisis and to mitigate the negative impacts of large numbers of foreclosed properties on local economies and local government.

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