Run Down Reverse Mortgage Houses
We live in Silver Lake, which I consider to be the Reverse Mortgage/Abandonment Capital of TV. On our street alone, there are 3 house that have gone in reverse mortgage/abandonment after the owner's have died and there are at least 2 more that will be in reverse mortgage soon. These houses are SO run down and neglected, there are actual trees growing out of the gutters. They are covered in mold and have weeds taller than the front doors! (one of them doesn't even have a front door...it's leaning up against the house under the carport!). Old, moldy filthy furniture piled under carports and Hearing Notices or Abandoned Property notices on the windows. Calls to the banks and Deed Compliance are a waste of time. No one cares. In fact, Silver Lake has gotten so bad, we have decided to move and get out of here. It's embarrassing to invite people over and have them drive past these houses.
Why do the banks allow these houses to sit like this? One on my street has been like this for 4 years now.
Last edited by gocubsgo; 06-07-2013 at 07:14 AM.
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