James Madison University students long ago dubbed the Ashby Crossing housing complex "Trashby" because of its age and rowdy residents.

The moniker stuck even after the owner changed the name of the 1,150-bed community to University Fields a few years ago. Now the complex, located in Harrisonburg, Va., has a bigger problem. In November, University Fields fell into foreclosure, the result of rising vacancies as students shunned the property in favor of newer developments with better features.

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