With the recent rash of Foreclosed properties throughout the country, lenders and owners are finding they may be held liable for neglect. It sounds odd that the act of simply leaving a property behind could be neglect, but it can be, and this action can not only have a negative impact on the property itself but the neighborhood as well.
Times can be tough, and people get scared. It's understandable, and though homeowners morally feel like abandoning the property isn't the right thing to do, it's a scary situation. Many homeowners simply don't know what to do, the banks are sending notices every day in the mail, and credit card companies are calling 15 times a day and your kids are starting to ‘love' Ramen Noodles. Situations like this are common, and some owners just ‘snap', pack up one night and leave.
They don't tell the bank, thinking that they are taking over the house in a day or two, so what's the difference? It's the idea of responsibility, and who is responsible...
Some say the lenders...
In the town of Murrieta California, they have started imposing fines to lenders that don't maintain their properties. These fines are big, when you consider the amount of homes that face foreclosure. Unless you're living under a rock, you understand the magnitude of this situation.
So what is the solution??? Some one needs to care for these properties.
Another town in California, Chula Vista, has passed a law making it mandatory for "lenders to hire a management company to take care of houses" that the borrower cannot.
This is where we come in. Gilliam Appraisal Services provides this service to lenders, bankruptcy attorneys, banks and private individuals. From lawn mowing and snow removal to compliance inspections and regular maintenance inspections, we ensure that the property is well cared for.
The savings are HUGE! From foreclosure to seasonal properties, Gilliam Appraisal Services can care for your property like you would...when you cannot.