Quote:
Originally Posted by JB in TV
Just to clarify..are you sure you are using the term "reverse mortgage" correctly? Or do you mean foreclosure? Or just abandoned? I'm not doubting that there are properties in disrepair, and that is a huge issue.
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I agree.
Folks start out here using the term "they" without ascertaining WHO is ultimately responsible. If a home is in foreclosure than it is in limbo. There are some responsible people who are buying homes that are foreclosed in the old section and spiffing them up and reselling them, but "they" do it one at a time.
Who owns these buildings? What can THEY do? In our last neighborhood in Cincinnati a couple of homes were foreclosed on due to the terrible downturn in the economy and probably due to loans being extended to people unable to handle them, and they too sat weedy and derelict.
Who is to be blamed here?