Posted on 04/16/2015 10:20:19 AM PDT by Kartographer
“Everything’s stolen out of this home right by us. Mold all over the wall in the kitchen. There’s absolutely nothing in the house,” said neighbor Bill Carpenter. “But no one’s doing anything.”
It’s not the only home that’s had problems. Around the corner at 10323 Dunbar NW, there’s a vacant home that once had a collection of beehives in the backyard. It’s been in the foreclosure process for a few years, but is not yet bank-owned, according to court records.
Around the corner from that home is 10335 Durham Street NW, a home that’s been tied up in the foreclosure process for a year and a half. The loan servicer, Wells Fargo, says they came by a few days ago to maintain the yard. Yard maintenance, though, isn’t stopping plants from growing out of the pool.
(Excerpt) Read more at krqe.com ...
I makes you wonder how much money is on the books for these homes 3,4,5 10 times their actual value?
I haven’t been down in the southwest Florida area in at least five years - but I recall seeing many foreclosed and abandoned houses in Fort Myers and Cape Coral.
And it was wondered on another thread, why they filmed “Last Man on Earth” in this part of the U.S. — Nobody lives in some of these deserted neighborhoods.
You saved me a post : )
Heck the same thing is happening in my sister’s neighborhood in Mendham, NJ.
New Mexico PING!
The house across the street from me went into foreclosure and was vacant for several years. We all kept an eye on it and other than no upkeep, it sustained no theft or damage. Nice young family in it now.
If the bank rules were changed so that a non-performing mortgages had to be marked down in value once the payments were more than 3 months in arrears, then banks would be more energetic in selling those houses for the best they could get, rather than letting them sit and rot.
Sadly I have a few of the foreclosed and abandoned homes in my neighborhood became crash pads for vagrants and partying teens. One across the street from my house was so badly damage the City tagged it, but I don’t know how many times I called the police when I knew that they were in there and most times I go no responses. I stopped calling when two officers who did show up and walked up flashing lights and politely knocking on the front door while I watched the vandal/vagrants run out the back and jump over the wall to disappear into the desert.
Enough to cover your checking account. Dare to go down this road and you might find yourself at zero. Stop asking impertinent questions, citizen! :)
Ha, good point!
All these homes in the Arizona desert so large they need two AC units to cool. Just nuts.
The housing market would totally collapse if banks even began the process to disclose and market all their foreclosures in some parts of the country. In the meantime, houses in my area just south of Houston are selling in two to three weeks after being listed.
I have a house that sits on a corner...in a small OK town. Directly across the street is an abandoned house. To the left of the house are two abandoned homes. Behind the house is a very nice home..and to the right of house are very nice homes.
The thing is....the abandoned homes..are paid for. And the city can't collect taxes on them. And they won't doze them either...costs too much. I think we need some controlled burns.
I remember when I was a kid (40 yrs ago) there was an abandoned home in one neighborhood that became a hang out for wayward teens. The house went up in flames after there was a series of break-ins in the neighborhood. Police said it was arson cause they found 4 burned out gas cans in the rubble. Cops never found the arsonist and the neighborhood stopped having break-ins.
Just saying.
So you think the teens stole the gas cans during one of their break-ins and then got careless? ;-)
Its not just overvaluation that would be exposed, but the impact on supply. If all these off the books homes were actually on the market it would cause an unprecedented glut, that would further reduce the value of all homes— perpetual buyers market. That would actually probably be best, long term, before all the houses depreciate towards zero due to no upkeep.
When houses are that far gone (mold, water damage, broken windows, vermin), demolition might be the best answer. However, the actual destruction, regardless of method, is a real problem. It creates an image of desperation for the neighborhood.
I am suggesting, therefore, that a game show be established to take care of the problem, while providing some reality TV that is really entertaining.
Remember “Name That Tune”?
My show would be called “Blow That Dump!”
The premise of Name That Tune is an auction whereby the contestants bid on the right to name a tune based on the fewest notes as a hint.
The premise of “Blow That Dump” would be to bid for the right to blow up the abandoned house with the fewest sticks of dynamite.
CONTESTANT #1: “Bill, I can Blow That Dump with 5 sticks!”
CONTESTANT #2: “Bill, I can Blow That Dump with 4 sticks!”
CONTESTANT #1: “Blow That Dump!”
Ka-Boom!
Same here. We bought this house in foreclosure. roof, walls floor. No windows and wiring all cut out. Took five years to completely make it habitable.
Next to me, the acreage sold, and the owner pulled in a double wide, then bricked it in. Looked nice!
Then he put it up for sale and moved away. The new owners knew nothing about rural living, and after ten years they walked away from it.
Now the wiring has been cut out, AC and electric heaters stolen, well tanks and pumps gone, shingles gone, roof leaks,ceiling partially fallen in. No water, No gas, no electric to it. Vandals hit it ever so often, but no windows have yet been broken out. Back door has been kicked in, well house door kicked in, garage door kicked in. Someone comes in every month and mows the grass.
It would be worth buying for a barn, but a BIG tree in the back died in the drought and it it is leaning right over the house. I expect it to take out part of the house and garage when it comes down. Now owned by Fannie May and is off the market.
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