I called Citizen's and they said most of these properties are sitting because the bank can't keep up with the number they have or the owner passes away,left nothing in the will as to what he wants done with the house, the kids don't want it so they let it sit. I would rather see it sold to someone who will care instead of it sitting with trees growing out the roof!
There is one down the street that is reverse mortgage. I was told it can be purchased rather cheap, however the back taxes have accumulated to the tune of $9700. So, add that to the price of the house plus all the renovations because it has fallen into such shambles and now your talking a run down house for over $100,000!
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