The Foreclosure Next Door---What Would You Do?

By
Real Estate Broker/Owner with Bayou Properties

 The once social neighbors start keeping to themselves. As time goes on the carpet like lawn becomes neglected. Then sheriffs deputies start showing up from time to time.

 Odds are your neighbors are losing their home to foreclosure. Sadly, this is a common occurrence all across the country. While tiny in comparison to the tragedy the family is facing, neighbors also are put into a bind. With asset managers being spread all over the country, there is typically no one caring for the property.

The neighbors are then faced with a hulking, vacant property literally rotting before their eyes. Broken windows, intrusions by Vandals, and grass growth measured in feet all happen literally steps from other homeowners.

So what's a neighbor to do? The first step should be to call the asset company (usually there is a sticker on the front door), or the local agent if the home is listed. But what if they fail to act? Would you take matters into your own hands?

In the past I have mowed abandon properties next door. One home sat vacant for almost a year. Guess how many times the asset company mowed the grass? ZERO ! After a few weeks I became sick of the increased insects and critters (for some reason rabbits took over the back yard) and mowed the lawn myself.

 Yes, I was trespassing. I prefer to think of my actions as protecting my own property. And guess what happened??? Once I cleaned the yard the number of showings increased. We now have a GREAT family next door who makes my lawn look like a foreclosure!

What would you have done in this situation?

 

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Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!

Doug Rogers

Broker/Owner

Bayou Properties Realty LLC

 

Bayou Properties Realty LLC

301 Jackson Street, Suite 201

Alexandria La 71301

(318) 613-1994

 Equal opportunity housing. Doug Rogers is a licensed real estate broker in Louisiana

 

 

 

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Rainer
163,364
Ryan Case
SCA Real Estate - Anaheim, CA
877-828-0710

I have mowed neighbors lawns in the past, better than the community looking terrible!

Sep 16, 2010 04:31 AM #1
Rainmaker
694,006
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Yep, I mowed my neighbors lawn but for a different reason. She passed away suddenly. Once the house was listed (with me, thankfully) the seller had a lawn service take care of it. But I'd do the same thing with a foreclosure.

Sep 16, 2010 04:52 AM #2
Rainmaker
242,238
Roger Johnson
Hickory Real Estate Group - Hickory, NC
Realtor - Hickory NC Real Estate

I'd mow it if the asset company wouldn't.  I'd probably also bill them for the service.  Most states and localities have laws governing vacant houses.  I've gotten the calls on a few listings where the sellers became a bit lax in their mowing duties.  In the city, if the owner doesn't mow it, the city will and bill them majorly for it.

Sep 17, 2010 09:24 AM #3
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