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300,000 'undead' properties stalk ex-owners


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2013 Mar 28, 5:20pm   1,937 views  9 comments

by FunTime   ➕follow (1)   💰tip   ignore  

http://www.csmonitor.com/Business/Latest-News-Wires/2013/0328/Zombie-foreclosures-300-000-undead-properties-stalk-ex-owners?source=Patrick.net

Zombie foreclosure: (noun) A home whose owner has abandoned the property but which the bank never finished foreclosing upon, leaving the owner legally and financially responsible for the decaying building.

#housing

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1   Dan8267   2013 Mar 28, 5:31pm  

I knew it. The Zombie Apocalypse has arrived! I'm heading for my base and loading my M41A pulse rifle. I kept telling you all this day was coming. Now who's the crazy fool?

2   HEY YOU   2013 Mar 29, 12:27am  

"In Washington, Indiana, Nevada and Oregon, more than half of the properties in foreclosure are zombies, according to the report."
As I'm looking to buy,I've noticed many vacant houses without any posted legal notices in OR. They're easy to spot as the yards aren't being maintained.

"In Florida, for example, the company does not count any property that has been in foreclosure longer than the state average of 853 days.."
Now I need to know the average by state.

House prices are going through the roof. Everything's on the market as to not miss out on the massive profits.lmao

3   Philistine   2013 Mar 29, 12:29am  

HEY YOU says

They're easy to spot as the yards aren't being maintained.

Careful. Some of those are just The Cat Lady. You don't want to mess with her or her house.

4   PockyClipsNow   2013 Mar 29, 3:24am  

These people did it wrong: you board up the windows, never leave the house at night. Only go into town for brief scavenging trips while fully armed. Make no noises and keep lights/cooking to minimum.

This is life in LA pretty much.

5   HEY YOU   2013 Mar 29, 11:35am  

Philistine says

HEY YOU says

They're easy to spot as the yards aren't being maintained.

Careful. Some of those are just The Cat Lady. You don't want to mess with her or her house.

Talk about coincidence,I looked at a foreclosure & it smelled of urine.I talked to several neighbors & they said:"Oh,that's where the Cat Lady lived"

6   yup1   2013 Mar 29, 4:00pm  

On my street there are 2 zombie bank owned homes that come on the market whenever the bank feels like jacking up asking prices. They pull the listings a few days later. One of them they showed over a weekend. I went in and it was 48 degrees inside. I asked the Realtard why the fuck it was so cold. He said he couldn't get the heater to run. So they are listing this zombie home at a premium price and think you will sell it with a furnace that doesnt work in the middle of winter........nope they are listing it at a premium price to jack up asking prices to get the sheeple to think that there is a housing market recovery. Hell some people actually believe them. Some even believe there is a housing shortage HAHAHAHAHA! Fuck if you believe that there must also be a commercial property shortage, lets build more empty strip malls mother fuckers!

7   FuckTheMainstreamMedia   2013 Mar 29, 4:27pm  

FunTime says

my street there are 2 zombie bank owned homes that come on the market whenever the bank feels like jacking up asking prices. They pull the listings a few days later. One of them they showed over a weekend. I went in and it was 48 degrees inside. I asked the Realtard why the fuck it was so cold. He said he couldn't get the heater to run. So they are listing this zombie home at a premium price and think you will sell it with a furnace that doesnt work in the middle of winter........nope they are listing it at a premium price to jack up asking prices to get the sheeple to think that there is a housing market recovery. Hell some people actually believe them. Some even believe there is a housing shortage HAHAHAHAHA! Fuck if you believe that there must also be a commercial property shortage, lets build more empty strip malls mother fuckers!

No you are a liar. I know these because many posters on Pat.net assured me that this was not happening and I myself was the one making up stuff 3 years ago when I first stated it in fact was. They proved I was wrong by asking me to provide numbers showing these unmeasurable properties actually existed.

8   lostand confused   2013 Mar 30, 12:44am  

Yes, but in this new economy , facts don't matter, fundamentals don't matter, incomes don't matter. Emperor Bernake has no clothes, but no one is going to tell him yet. This is a rare bubble that is being pumped up by massive amounts of liquidity. Lets see how far it inflates.

Why would house prices be triple of what they were during the dotcom boom, when many people had money and job security-as opposed to a few people at the top? Even for full time jobs, you never know if it is going to be offshored and your next job might be in Wisconsin or Ohio!!

9   fedwatcher   2013 Apr 3, 4:01pm  

The bottom line is we and Europe are now in "political economies". In the U.S. the vote counters (politicians) know that about 65% of households are "homeowners", thus the politicians need to blow Housing Bubble II to make these voters happy.

It is that simple!

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