Quote:
Originally Posted by glatt
There's a house in limbo across the street from my parents. It's sad, I spent many hours playing in that house with my best friend when I was a kid. And for the last 5 years or so it's been vacant and is slowly rotting away. I think a bank owns it. I heard there are even people who want to buy it, but the bank won't let them for some reason. A young forest is starting to grow in the front yard. The neighbors initially were mowing the front lawn, but the bank made them stop. It makes no sense.
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My guess is that it isn't in livable condition, no bank will lend money on a house they can't re-sell. Or they may be some sort of cloud on the title, as for the mowing the bank is probably being hyper vigilant about squatter's rights. Something along the lines of "Aggressively improving or maintaining the property" or some such crap. It could be easy for someone to lay a claim on an abandoned place by claiming squatter's rights. Or not. Banks are weird.
05-31-2013, 05:19 PM
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