Quote:
Originally Posted by EdFNJ
... but on an attorney's advice I just ignored it since I had nothing legally to do with it. Just walked away from it Went into foreclosure and has sat empty since then. The RM was great for him in the years he had it. When he took it out in 2006 the bank valued the $60K property at $170,000 !!!!!! The $600/month + SS helped him "live" by himself especially after my mother passed well before that. They netted well over $100,000 on it. The Feds got it and still own it.
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If that were to happen here, I would imagine the maintenance wouldn’t get done, mold and mildew would set in, the yard would get weedy and not mown, the neighbors would rightly complain, the district would impose fines that wouldn’t get paid, and eventually (months?), the lender/Feds would try to sell it.