If you leave a comment, Jim will visit your blog and comment.I was aghast when I read about parties taking place in many homes during the summer and as our local colleges started up again. Normally college students having parties is nothing new or unusual. Where the parties are taking place is new and unusual, and illegal: vacant, foreclosed homes.

One property in Fallbrook, listing at one million dollars, was broken into over the Fourth of July weekend. The home was found with littered with beer cans, tequila bottles, and drug literature; graffiti on the walls; and "sticky goop" on the floors. According to authorities, damage to the home totaled $8,000.

Foreclosed propertyWhat's even more discouraging is that these parties appear to be organized by groups calling them selves "Takin Over Krew" and "Till You Drop," and the parties are advertised on MySpace, Facebook, and Craigslist. Fortunately -- and I do mean fortunately -- four people have been arrested so far.

The organizers look for homes that are:

  1. large
  2. secluded, private, or otherwise out of the way
  3. vacant, preferably with a "foreclosed" or "bank owned" sign in the yard
  4. plenty of parking space

According to authorities, party organizers search the real estate ads for potential party homes and then case the home, sometimes posting as buyers, going to open houses, or scheduling appointments to see the property. While they are in the house, they'll unlock a window or door for easy access later.

Cannabis, also known as marijuanaThe illegal parties create an environment of danger since many of the partiers are underage yet alcohol and drugs are an integral part of the party.

If you have a vacant foreclosure listing, here are some tips to ensure that yours doesn't become the next illegal party home:

  1. Always get the name and address of anyone who schedules an appointment. This is most easily done by photocopying their driver's license or at least noting their driver's license number.
  2. If you have an open house, make sure you check all doors and windows before you leave to make sure they are locked. Set the alarm system if there is one still in operation.
  3. Check on your properties at least once a week and notify authorities immediately if you have any concerns about something.
  4. Try to make friends with the neighbors and let them know about the property -- vacant, foreclosed, owners on vacation or out of state, etc. -- and to notify you if they see anything unusual. This, of course does three things: It helps protect the property, it helps protect the lives of innocent people who could be killed by drunk or drugged youth driving on the streets and highways, and illustrating how you look out for your listed property just might get you a listing from a neighbor down the road.



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9 Comments on Let's Party! ....in a vacant, foreclosed home!

SEP
09
Outside Blog

Yeah it's sad to have to be so cautious on everything we do these days but when agents advertise vacant or foreclosure homes with signage and directions it does give way to an easy target for people. We do a number of foreclosure properties and we try to secure and maintain them as best way possible. One thing is to keep the exterior mowed and snow removed when these properties are vacant. 

Thanks for the tips

 

1:53pm • #1
1 Featured Post

great info. I do that for my vacant short sale listings.I actually got a lead by talking to the neighbor of one of my listings. He was happy that I was concerned about his neighborhood and his neighbor's property.

I wonder if it was combo lockbox and they got that info off the MLS or if it was a forced entry.

2:15pm • #2

Man what people won't think of!!! I could never think to do that let alone have the intestinal fortitude to pull it off!!

2:42pm • #3
356,657 Points 3 Featured Posts Outside Blog

Hey, Dustin - Many of our cities here have laws forcing the owners of vacant, foreclosed properties to maintain them. I'm sure that would include keeping the snow removed if we had any snow - LOL. Another problem that I detect here is that many so-called REO, short sale, and foreclosure experts take listings but never even visit the property. They send a low-paid employee out to put up a sign and that's about it. I would not be surprised if the party organizers learn which companies those are and take advantage of their lack of interest in the properties they list.

Hey, Satar - Apparently it's a semi-forced entry since they visit the property beforehand and unlock a door or window for later entry.

Hey, Dan - Neither would I. I think it is these types of people who will turn into the next white collar criminals.

4:01pm • #4
10 Featured Posts

Goodness!  I've occasionally discovered squatters in vacant foreclosures, but never a party...  Very very good idea to talk to the neighbors, for all the reasons you listed! 

8:38pm • #5
1 Featured Post

Jim, We've heard of squatters and thieves at vacant homes, but not organized parties.  this is a new one for us.  Thanks for the heads up?

10:24pm • #6
SEP
10
374,039 Points 3 Featured Posts Outside Blog

I've been to de-stage a few properties that looked like they had some sort of parties, lets just say there were open packages of unmentionables on the floor.  I was appalled and grossed out!

12:55am • #7
3 Featured Posts

I think it happens more times than we hear about. Look at how many times agents have walked in to homes that are supposed to be vacant only to find a family living there.

7:23am • #8
SEP
11
256,069 Points 44 Featured Posts Outside Blog

I'm surprised that I haven't heard of this at all here.  Wow.  People have guts..

6:14am • #9

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Jim Frimmer, San Diego Mission Valley Realtor

San Diego, CA

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Century 21 Award

Address: 7000-31 Saranac Street, La Mesa, CA, 91941-3315

Office Phone: (619) 471-2212

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