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Why neighbors don't like foreclosures

By Sharon Simms

Real Estate Agent with Coastal Properties Group International - Christie's International

March 21, 2009 06:57 AM

Abandoned pool home

Of course neighbors aren't happy about foreclosures because of the prices, but they also don't like properties that are vacant, abandoned, and not taken care of.

This is the pool behind a beautifully renovated waterfront home. Fortunately the lender has secured the pool so that children won't fall in.

But this doesn't stop the nastiness - and this can become a health hazard ... mosquitoes, snakes, rodents, etc.

Pity the poor neighborhoods where these are the rule rather than the exception.

Legislators here have discussed requiring lenders to register vacant homes, so that they will better be able to control this kind of nuisance.

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Kate Bourland

Marketing with Kate - Redding, CA

Onlilne Marketing Mobile Marketing

This is irresponsible on the part of the lenders. They own the home, they have an obligation to mitigate these types of things. How sad. At minimum hire someone to bleach in the water. This is a major health hazard.

Mar 21, 2009 07:09 AM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

What a bummer. I hate to see things like that.

Mar 21, 2009 08:02 AM

Pat Champion

John Roberts Realty - Eustis, FL

Call the "CHAMPION" for all your real estate needs

It is a shame to see things like this happen.

Mar 21, 2009 08:24 AM

Sharon Simms

Coastal Properties Group International - Christie's International - Saint Petersburg, FL

St. Petersburg FL - CRS CIPS CLHMS RSPS

Kate - the lenders have so many homes! On top of that, once people have moved out and given them the keys, they often delay for many months before actually starting the foreclosure process so that they can avoid the maintenance responsibility.

Bill and Pat - yes, it is.

Mar 21, 2009 08:47 AM

William Johnson

Retired - La Jolla, CA

Retired

Hi Sharon, I hadn't seen a pool covered like this before but it certsainly beats leaving it open. Here the lenders ( maybe it is the real estate agents) leave things in a real mess. I heard that many of the agents that are not taking care of things are going to get the boot and some new ones ( like me , that would not let this happen) will get the re-assignments.

Mar 21, 2009 08:54 AM

Connie Lou Barnett

Real Living/Home Realty - Owensboro, KY

GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC

Sharon I think we have this problem all over the courtry. Thank you for sharing and bringing this to everyone's attention.

Mar 21, 2009 08:56 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Sharon - yep, ugly stuff. Glad to see the lender has secured it. I have yet to see that done at a bank owned home here, and the listing agents don't take care either (but at some level you can understand since they may not get reimbursed). Just waiting for the lawsuit to happen when someone is injured or worse with an unsecured property.

Jeff

Mar 21, 2009 09:11 AM

William - many of the agent here that handle foreclosures have hundreds of listings. Most of the banks want the agent to "be the bank", pay the bills, and wait for reimbursement.

Connie - sad, but true.

Jeff - it's likely to get messy.

Mar 21, 2009 09:46 AM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

I'm not sure I like government involvement, but can you imagine what would happen if the government required these lenders to keep these homes up to HOA standards? They would actually want to deal with them as short sales, so they don't become theirs to take care of.

Apr 09, 2009 07:07 PM

Why neighbors don't like foreclosures

Comments(9)

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