Welcome to the official Blog of BuyOwner.com

BuyOwner.com buy sell trade rent

  • Home
  • About BuyOwner.com
  • Popular Posts

Posts tagged real estate agents

Those Facing Foreclosure Deface Homes

Sep29
2009
Leave a Comment Written by Carrie

housekeys

A recent article in the Chicago Sun-Times discussed a subject that has been a topic of conversation for many news publications for a while now: foreclosure. However, this wasn’t your typical piece about the poor housing market or the mortgage crisis. This article, titled “Vacate with Vengeance,” concerned the vindictive actions of those homeowners facing foreclosure.

For a long time, the masses have regarded homeowners dealing with foreclosure with pity, as a group with whom they should sympathize. When lenders and banks take properties away from a struggling laborer, a single parent, a newlywed couple or a family of six, we can’t help but feel empathy. Yet many of those homeowners don’t walk away without leaving their mark.

The Sun-Times article first mentions a home in Orland Park (a suburb of Chicago), which sold for nearly one million dollars just three years ago, that would go for less than half of that because the current owners suffered from foreclosure. But why, exactly did the home sell for only $375,000? The owners tore apart the home, removing appliances, even plumbing, leaving a basic skeletal structure, taking away even more of the value (marked down already to $500,000) after foreclosure. And this is not the first time something like this has happened.

Many foreclosed homes in the Chicago area are being stripped of practically everything, including cabinets, countertops, fixtures, toilets and more. Some expensive items like granite counters or brass chandeliers end up on eBay or Craig’s List. A man in Chicago Heights was even arrested for trespassing and theft when he stole the windows out of his foreclosed house. While some real estate agents think that the homeowners should pay for the damages, there is usually no actual way to prove who defaced the properties, since most of the previous owners are long gone (with the stolen goods) before the lender/bank actually repossesses the property.

Posted in Market News - Tagged chicago, defacing homes, foreclosure, Market News, Sun-Times, vandalize property
SHARE THIS Twitter Facebook Delicious StumbleUpon E-mail

About the BuyOwner.com Blog

Welcome to the BuyOwner.com Blog, your source for regularly updated market information!

Founded in 1984, BuyOwner.com® is the leading provider of real estate marketing services. We pioneered the "For Sale by Owner" (FSBO) market, which today represents over 20 percent of all residential real estate transactions.

You can read more about BuyOwner.com here.

Article Archives

Buy Owner Links

  • BuyOwner.com on Facebook
  • BuyOwner.com Testimonials
  • BuyOwner.com Website
  • Twitter: Buy Owner

Blog Roll

Real Estate Top Blogs Real Estate Blogs - BlogCatalog Blog Directory Add to Technorati Favorites Find the best blogs at Blogs.com. Blog Directory Home Improvement Blog Directory

Subscribe

Enter your email address:

Delivered by FeedBurner

Tags

31 reasons to sell with buy owner adding value to your home buying a home buying a house buy owner Buy Owner experience curb appeal decorating eco-friendly eco-friendly tips environment florida fsbo Green Living holiday home decorating Home Improvement home improvements home ownership home selling how to sell your home interior decorating interior design kitchen Market News moving real estate real estate market real estate selling real estate tips Regional Info selling selling a home selling a house selling Buy Owner selling by owner selling for sale by owner selling fsbo Selling Tips selling with buy owner selling your home spring staging using buy owner winter

EvoLve theme by Blogatize  •  Powered by WordPress BuyOwner.com Blog
Tips and info for people selling & buying their homes "Buy Owner"