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WSJ.com - As Foreclosures Rise, Mayors Brace for Fallout
online.wsj.com — Local governments are scrambling to deal with the rising number of foreclosures that strain city services and soon may take a toll on property-tax revenue. Chicago estimates that each vacant house costs the city an average of $34,000 for inspections, court actions, extra law enforcement, visits from city utilities, and sometimes demolition
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