Foreclosures ….foreclosures and more….
Who is to blame?
The banks that gave loans away like candy. OR the people who ate them like candy??
Regardless of where the blame is placed, foreclosures are on the rise.
Foreclosures represent a large percentage of inventory on the current real estate market.
Many of the homes being sold as foreclosures are vandalized and abused, INTENTIONALLY by its occupants.
Holes punched in walls, fixtures removed, heating systems ruined are some examples I have seen.
VANDALISM is VANDALISM…it devalues a house and hurts communities
How is it, if someone spray paints a bus stop, and gets caught they are arrested while someone who ruins the home they are losing to foreclosure simply walks away?
Why is it that towns do not employ some of the unemployed to mow the lawns and care for some of these foreclosed houses?
Put a lien on the property such as you do with delinquent taxes. Do not allow a closing until the debt is settled.