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Distressed Properties And A Diamond in The Ruff?

By
Real Estate Broker/Owner with St.Cloud Homes

  Turbulent times, market conditions, and changes of circumstance are all factors in Real Estate.  Too often we fail to venture outside of our comfort zones, break our routines or change our patterns.  But it is those changes, which can alter the course of our destiny or that of someone else. 

  I went to check on a customer's house. Too many unanswered voice-mails had me a bit concerned. The signs I had placed at the house, were now gone.  The grass was long and uncut, and there was a eerie feeling when I pulled into the driveway.  As I approached the back door, there was a debris field of personal items and a strong sense something wasn't right. I peered through the window of the kitchen I noticed the cabinets had all been left open, dirty dishes in the sink, and from the corner of my eye I could see the furniture that once was there, was not.

  The house had been abandoned.  Financial pressures too overwhelming to overcome had forced this young family to simply leave the house behind.  There was a profound sense of sadness as I entered the house. Family photos strewn in corners, holes in the walls, and personal items left in disarray. A dozen fish left to die desperately swimming in the tank. The power had been shut off,  a merciful sprinkling of food before I closed the door for the last time. There was no good bye, no communications just the folder of mortgage documents left conspicuously on the kitchen counter which spoke silently for them.  Now abandoned

  I missed the turn off for the next customer. Roadwork seems to be everywhere in Osceola County these days. That brought me to the pound, the first and only place to make a U-Turn on a two lane road.  Waiting by the gate was a line of cars. The attendant had just arrived to let them in.  As I followed the other vehicles into the parking lot, the purpose was to get turned around. I would end up turning around someone else's life instead.

  This little guy, was being carried in.  I had to stop and ask what happened. His owner had been retired to a nursing home, and the remaining relatives could not take him in. They spoke so highly of his virtues. "He is good with cats, other dogs and loves kids... and is housebroken. We hate to abandon him here, but we just cannot keep him." He gazed at me pleading for a pat. The next thing I know I have an armful of playful pug, licking at me and wagging his curly little tail. 

  As we headed home, I realized that with profound sadness comes unexpected new beginnings. The turn of events, or a missed turn can alter ones destiny. Distressed Property comes in many forms. Including this  little  "diamond in the ruff."

Posted by

St.Cloud Homes

Allison Stewart Broker, SFR, CDPE 

407-616-9904www.kissimmee-stcloudflhomes.com

                                                                                                       

    St. Cloud Homes YOUR Local Real Estate Experts serving Home Buyers/Sellers in Kissimee, St. Cloud Fl, Harmony, Lake Nona, Anthem Park, Bay Lake Ranch, Lake Lizzie, Reunion, Celebration, Lakepointe, Steven Plantation, Acadia Estates, East Lake, Windermere, Bay Hill. Our unparalleled service begins with YOU.

   For a free consultation call us 407-616-9904 or visit our website or  email us

Comments(18)

Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Allison,

I too see many homes that were left abandon...what a shame to ruin a good piece of Real Estate but I guess the financial responsibilities are tough to handle especially after what has occurred over the last 2 years. Terrible to show a neighborhood with this distraction...it doesn't make the neighborhoods attractive to new buyers when they see this...but unfortunately we will probably see it more until there is some sort of change.

Oct 14, 2007 12:14 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
Investors shun homes like this because what is owed does not justify the tear down and replacement costs. The bank will ultimately end up trying to sell this, at a loss.  What they paid was way too much and the monthly payments were suffocating. As for the little guy, a wrong turn, changed his life for the better. Truly an Oxymoron.
Oct 14, 2007 12:24 AM
Rosario Lewis
DDR Realty - Newburgh, NY
GRI, SRES - DDR Realty - Orange County, NY
I'm glad you could find profound happiness on an otherwise miserable day.
Oct 14, 2007 12:42 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Rosario

I wonder how many times we alter our destiny on any given day?  A chance meeting leads to  a new customer, a "detour" to discover a new area, if we keep an open mind, you never know what will happen!

Oct 14, 2007 01:19 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi Allison, I have several sellers right now who are doing the same thing. Just throwing in the towel and moving on with their lives. I can't say I blame them. If there is no equity in the house why go through the stress of staying and fighting? We will be seeing a lot more of this over the next couple of years.

Love the new poochie by the way.

Oct 14, 2007 05:57 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Thanks Broker Bryant

I agree, foreclosures in Osceola County are up 159% over a year ago. I agree with you completely, that it makes no sense when the house is so encumbered  by mortgage debt, that the value can never be realized.  As you have seen in Poinciana and we are seeing in Kissimmee and St. Cloud, and parts of Orlando.

As for the new guy-he is great!  A sign that a wrong turn can be right after all!

Oct 14, 2007 06:21 AM
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around
That was quite a touching story.  At least the day turned out to be a good one and a homeless pooch found a good home.
Oct 14, 2007 08:27 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

. I have seen  2 people recently going through the same problem with their house.

Oct 14, 2007 10:25 PM
Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

Touching story but had a good ending. I love the dog picture, what a cute pup!

Oct 15, 2007 06:02 AM
Lori Gilmore
Baird & Warner Real Estate - Joliet, IL
Realtor - Will County Illinois

I'm glad sad circumstances led you to a new friend and hopefully much joy . . .for you and the pug!

Oct 15, 2007 07:38 AM
Anonymous
Anonymous
Good for you for saving the dog. That makes the world a little better place.
Oct 15, 2007 11:52 PM
#11
Fred and Marty Conley
Century 21 Pro Service Realtors - Johnson City, TN
Good for you for saving the dog. That makes the world a little better place.
Oct 15, 2007 11:53 PM
Adam Waldman
Westcott Group Real Estate Company - Hauppauge, NY
Realtor - Long Island
ALLISON:  Great story of hope and destiny.  I recently wrote a post called new beginnings that you may enjoy as well.  Thanks for sharing this story.  It's sad what happened to those people.  At least your sad day ended with a silver lining.  Enjoy your new friend.
Oct 16, 2007 12:01 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Brigita- Thanks you never know where life will take you right?

Rosemary- I am fortunate, my older lab has welcomed the new guy into the family.

Lori-  He was unplanned, but a wonderful addition to the family....all because of a "wrong turn".

Fred- Thanks Fred. 

Oct 16, 2007 12:08 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Adam- we often seem to be on the same wave length. 

The local paper in St. Cloud  picked up "Winston's" Story which was an added surprise! 

Oct 16, 2007 12:10 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
Fred- the little guy really "lucked out" he has a good home, and a family that loves him. Everyone deserves a lucky break at some point.  Thanks for commenting.
Oct 16, 2007 12:12 AM
John Foster
Keller Williams Realty - Cumming, GA
Your Family Realtor for Life

Allison,

 Unfortunately, I think we will see more and more homes in this situation- the story behind each one is tragic.  It is sad to think someones dreams when they purchased their home have gone astray.  I really enjoyed your post.

 John

Oct 17, 2007 01:26 PM
Lewis Poretz
Apex Home Loans - Annapolis, MD
Business Development Manager

right on ! right on!   so much better to be happy isn't it? But damn those things snore like crazy!!!!

  

Oct 17, 2007 01:48 PM