Obtain a list of all of the recently foreclosed homes in your area. The city of Cleveland has made it legislation that requires $15,000 foreclosure bonds on vacant houses and vacant commercial properties. The reason why Cleveland wants to take that initiative is due to the last crash that left many homes out for a good minute. Foreclosed homes will need a good clean up and security before they get back on the market. With the insurance bond that is required can be used for any type of repairs or cleaning that is needed. Board up and fence up is also a service option. The banks and asset companies won’t deny it, they need the work done and with this new legislation, they will have the money to cover the costs. So how do you obtain a list of foreclosed properties that have foreclosure bond? There are ways to obtain a list.