The Department of Housing and Urban Development has changed the definitions of the terms "foreclosed" and "abandoned" to increase the reach of its Neighborhood Stabilization Program, which helps local communities acquire, reclaim and re-sell distressed properties more quickly and prevent further decline in neighborhoods decimated by such properties.

HUD now defines foreclosed to include properties in which their owners are in default on their mortgages and 90 days or more delinquent on their property taxes, and abandoned to include properties that are uninhabitable with lingering building code violations which their owners have failed to correct.

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