So tonite, Chicago like so many other cities is now experiencing its first real visual confirmation of winter.  Namely, snowfall.  And tonite, like so many other nights, there are many foreclosed and vacant homes in the Chicago metro area.

So, if snow falls on a foreclosed house, is it still a foreclosure?  I mean, depending on the amount of snowfall we get, it is conceivable that so much of the house (or houses) could be covered up that you can't tell one house from another.

Granted, at some point, the snow will melt and reality will return, but for tonite, those foreclosed houses look just like the neighboring houses (save the big sheets of plywood covering up windows and doors :-)

Michael Hobbs, PahRoo Appraisal & Consultancy

 
This post has been included in Illinois Real Estate News Cook County, IL Real Estate News Chicago, IL Real Estate News
Post is included in group: Foreclosure Talk
Post is included in group: Investing in Real Estate
Post is included in group: Realtors®
Post is included in group: REO
Post is included in group: REO REALTORS

6 Comments on If Snow Falls On A Foreclosed House...

JAN
13
2012

We have some friends in Chicago and they have posted some pics from the storm. Looks like you guys are getting hit pretty good.
12:15am • #1
373,824 Points 10 Featured Posts Outside Blog Hit Router Called Shot Master

Nope, regardless of snow or rain or sunshine its still a home and still something that someone will appreciate, improve and call home. For now its owned by the bank but that too will be fleeting before its back on duty taking care of a family!
12:23am • #2
549,274 Points 15 Featured Posts Outside Blog Called Shot Master

Wouldn't it be lovely to have a snowstorm! I would enjoy that!
12:25am • #3
197,061 Points 2 Featured Posts Called Shot Master

Yes, it will still be a foreclosure, because no one will shovel the walk, or clear away the dangerous ice. (yes the banks are supposed to, but you know how banks are)
12:30am • #4
JAN
15
2012
159,443 Points 8 Featured Posts Outside Blog

James, indeed it is Chicago and snow does fall here....the good news is that for a short period of time everything is peaceful and quiet and pretty.

I completely agree, provided the home is located in an area where people will choose to live, soon enough, that place will be occupied.

Lindsey, come on over..we'll even let you shovel snow when you're done making snow angels.
9:17pm • #5
159,443 Points 8 Featured Posts Outside Blog

Donald, yep, it surely is.  And yes, as soon as the snow starts to melt or people get up the next day and start walking around, the 'foreclosure' appearance will surely stand out. 
9:19pm • #6


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Sweetheart-loveable-baby-with-blue-eyes Rainmaker_large

Michael Hobbs, SRA

Michael Hobbs, SRA, LEED GA, RAA

Chicago, IL

More about me…

PahRoo Appraisal & Consultancy

Address: 1707 W. Roscoe Street, Suite 1, Chicago, IL, 60657

Office Phone: (773) 388-0003

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find IL real estate agents and Chicago real estate on ActiveRain.