Saturday, August 27, 2011

Trashing foreclosure homes may be on the rise

"It looks like someone took revenge," said Nick Davis, a real estate agent with Re-Max Premier Group. "Unfortunately, we're seeing more of this. We've seen cement in the plumbing systems, the air conditioners ripped out from the outside, wiring being removed.

Davis said he's talked to homeowners who view trashing their home on the way out the door as one last way to stick it to the bank. Real estate agents and lenders increasingly report deals falling through because of the condition of homes, left by original owners. While buyers used to be willing to clean up messes in exchange for a good deal, there are so many homes for sale now that buyers don't have to settle.

Read the rest of the article at Tampa Bay Online

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