Quote:
Originally Posted by Bogie Shooter
I think The Villages should clean them up and bill the banks or put a lien on the property.
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Once a home has been repossesed by a financial institution things get pretty dicey when it comes to fulfilling deed restrictions and the various & sundry "community rules". Almost always the family that owned the house is in bankruptcy, which means that the developer hasn't a ghost of a chance of recovering any sort of costs involved with things like lawn mowing or upkeep. If the bank wants to play along & keep everything up it can, but for the most part it can pretty much tell the developer to stick it if they don't want to go along. Liens levied by the developer will almost always get thrown out in court when push comes to shove if the house finally gets sold.
When we first started looking into available properties in TV & the surrounding communities we were shocked to find out how many homes in TV were on the market as Short-Sales, Pre-Foreclosures & Full-Foreclosures. That was a real stunner.
If you have an empty home in your neighborhood, you can certainly make your wishes & concerns to the developer known, but also know this, they are rather limited in their recourse to collect from the former owners or the holding bank for upkeep. They pretty much have to shoulder the costs all out of their own pockets if they choose to do so.