File Photo: Crews put out fire at an abandoned homeSAGINAW, MI (WNEM) -
Citizens and city leaders will gather at a vacant, neglected house in Saginaw on Davenport Avenue on Tuesday to propose a new policy to hold owners of foreclosed homes - including big banks - responsible for their maintenance following foreclosures.
Officials say nearly 1,000 homes are in foreclosure in the county, and the majority of them are within the city of Saginaw.
According to a news release issued by New Solutions for Saginaw, "the plan has broad support as a way of forcing the big banks that caused the foreclosure crisis in the first place to take responsibility, rather than allowing them to force our community to absorb the financial costs and suffer the damage that blight and related problems cause."
The news conference will be held Tuesday at 11 a.m. to announce the details.
Saginaw Fire Marshal Gregory Barton, Ezekiel Project organizer Grady Holmes Jr. and Saginaw Chief Inspector John Stemple are among those expected to speak at the event.
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