IT’S NOT OK – What the Hell Is Going On Out There in the Banking and Credit World?
Wow, this is another twist for those of us who are self employed.
I was a firm believer in make your money go to work so you don’t have to.
However I am starting to be change that tune a little.. don’t get me wrong I still believe that…. but it is very hard these days for [...]
Ok here is a question about all the emails we get from people trying to sell us information.
Guest writer Sean Hanson from Virginia asks –
Ok here is a question about all the emails we get from people trying to sell us information.
What are these Banks doing now? Foreclosures “looking” worse in the Neighborhoods
One of our companies has a division that works in the foreclosure or “REO” arena as they like to call it these days. They take care of securing the vacated properties, rehabbing them and maintaining them until sold.
However these days the banks just can’t seem to keep up and they don’t seem to care at all anymore. Last year we (full) rehabbed about 40+ homes.
Everyone sold within a week or so as almost new.
This year very few complete rehabs, just little fix-up’s and even the exterior maintenance is lacking as everyone can see when they drive throughout neighborhoods everywhere. Grass 3 feet tall, mold everywhere etc etc, simply making our neighborhoods ugly.