More About Foreclosures
An addendum to my last post. As I mentioned, one of the problems with foreclosed property is the poor condition we often see. Sometimes the poor condition is intentional abuse by the former owner/occupant. I guess they blame their financial condition on the lender who loaned them the money to buy the home, and than take it out on the house, kicking in walls, breaking windows etc.
Announced in my office meeting today, 5/19/09: The FBI has 3 agents doing nothing but investigating this kind of intentional vandalism. A good idea that someone is doing something about it now that the horse is out of the barn.
I’m not sure what federal statute this would fall under either.
Thank heavens the FBI now is looking into the probem. It is a sad comment of our world today that people have lost most, if not all, of their sense of right and wrong, and fail to take full responsibility for their actions. As a realtor when I see a house that has been trashed, I wonder what we don’t see,ie, cement in the drains, electrical wires pulled out of the walls, and worse. The old adage BUYER BEWARE is more important today than any other time I can remember.