CBS 2 Chicago wbbm7801059 670 The Score

Upkeep

Banks and other lenders would be forced to maintain vacant foreclosed buildings like these under a proposed ordinance backed by Mayor Rahm Emanuel. (Credit: CBS)

Ordinance Holds Banks Responsible For Maintaining Vacant Buildings

The City Council on Thursday passed an ordinance that holds banks responsible for maintaining properties once they have foreclosed upon them and left them vacant.

CBS Chicago–07/28/2011