3br/2.1 bath, waterfront on the Dunedin Causeway. All ages, pet friendly. One covered assigned parking space plus one non-assigned parking space.... more
Foreclosures: What should be done in regards to our neighbor, community, association and city? (SPONSOR 07/14/09 8:55am)
In an article in last weeks St Petersburg Time it was reported that it’s becoming commonplace for lenders to refuse to take title to some properties following foreclosure. Why would a bank bother to foreclose and then abandon the property? Is it simple economics? Many of the homes just aren’t worth the bank’s efforts. But then, why would they foreclose? And who ultimately owns such properties? According to the SPT article, when a foreclosure notice is sent, the ownership becomes clouded. The \'city,\' stating the clouded status, doesn\'t know who to pursue, bank or former owner of record. In the article it is suggested that owners of properties in foreclosure process register with the city and pay a $100 registration fee. This seems to be an IQ test for those who want to be identified for abuse from the city also.
Throwing people out of their homes, only to have those homes bulldozed later, is not only inhumane, it’s sheer stupidity.(IMHO) Once the owner is forced out, the home falls in to disrepair, may be vandalized, and everyone loses. And, the irony is; when the bank walks away, the original owner is still on the hook for taxes, boarding-up and clean-up fees that can run into the thousands of dollars. It’s a game of no winners. (SPONSOR 07/14/09 8:57am) REPLY
In an article in last weeks St Petersburg Time it was reported that it’s becoming commonplace for lenders to refuse to take title to some properties following foreclosure. Why would a bank bother to foreclose and then abandon the property? Is it simple economics? Many of the homes just aren’t worth the bank’s efforts. But then, why would they foreclose? And who ultimately owns such properties? According to the SPT article, when a foreclosure notice is sent, the ownership becomes clouded. The \'city,\' stating the clouded status, doesn\'t know who to pursue, bank or former owner of record. In the article it is suggested that owners of properties in foreclosure process register with the city and pay a $100 registration fee. This seems to be an IQ test for those who want to be identified for abuse from the city also.
Throwing people out of their homes, only to have those homes bulldozed later, is not only inhumane, it’s sheer stupidity.(IMHO) Once the owner is forced out, the home falls in to disrepair, may be vandalized, and everyone loses. And, the irony is; when the bank walks away, the original owner is still on the hook for taxes, boarding-up and clean-up fees that can run into the thousands of dollars. It’s a game of no winners. (SPONSOR 07/14/09 8:57am) 
