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Overland Park Short Sales: Saint or Sinner?
Typical Abandoned Real Estate
Overland Park KS– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw.
I get frustrated when I see homes sitting empty for months and months.
“Those homes should be put to good use!” I thought to myself. It bugged me that homes would sit empty for months and even years at a time. The lawn would become overgrown. A window might leak. Or, vandals would break the windows. Rain would start getting inside the house, thereby causing mold on the walls and ceiling.
The house would get uglier and uglier. As a working short sale realtor, I knew how much this would cause the home’s value to drop. Most of the homes were in foreclosure. The owners had moved out to avoid being kicked out. But, the banks didn’t take care of the homes.
It bugged me to see these trashed homes come on the market and sell at a substantial discount. “Those banks are hurting the housing market. Someone needs to do something!” I thought to myself. But, ... more
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