Justin Porembo, of the Lehigh Valley Association of Realtors, commended the city for taking on the foreclosure problem that has ballooned since the real estate market crashed.
Banks have left homes in the city untouched for months or years as they wrangle with growing portfolios of foreclosures, Panto said.
Those eyesores damage nearby property values and mar neighborhoods.
Councilman Jeff Warren said the new measure will boost the city's real estate market.
said it should help buyers and investors.