Yeah, I'm tired of dealing with tires left in REO properties!
I know we occasionally get a REO property where the owner has left a used tire or two still in the garage. I mean those properties that have stacks and piles of used tires just rotting away.
For instance, we were assigned an REO property back in the spring and upon initial inspection I noticed there were piles of tires visible from the street on different parts of the property. We estimated there were between 500 and 600 tires in different parts of this property. We had a very difficult time finding a property preservation contractor who was willing to handles the tires.
These photos only show a few of the piles of tires left on the property. There were car tires, there were car tires on rims, there were truck tires, there were tractor tires and strangely enough, one pile of tires was 20 inch wide Hoosier dirt track racing tires.
The cost to the lender to clean this out was huge. Generally, tire recyclers charge between $3 and $5 each to take automobile tires to recycle, but they won't take them on the rims. The truck tires are more like $8 and the tractor and racing tires could be even more. And that price is delivered to the recycling facility, which means they have to be loaded and carted to the facility. And since they won't take them on rims, those have to go someone with a tire machine to be broken off, then the wheels need to be disposed of.
Needless to say, the trash out on this property was a long term affair.
After this one was finally cleaned out and closed, I was assigned a property in Lancaster County with a detached two car garage. The entire garage was filled with truck tires. These were, fortunately, without the rims attached and the bank hired their own property preservation firm to clean it out. These guys estimated there were between 125 and 150 truck tires to be removed. We haven't quite figured out why this was full of tires, just happy it is now cleaned out.
And overall, I'm tired of dealing with tires.
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