Over 100 run down properties in The Villages

[graciegirl]

This is copied and pasted from the online news.


The Villages will strengthen efforts to reduce the number of distressed properties by short-cutting the foreclosure process.
Foreclosures on those properties will be sought earlier based on unpaid amenity fees and maintenance costs under an administrative policy approved Wednesday by the Village Center Community Development District. The policy was approved without discussion.
David Miles, district finance director, said the action is possible under deed restrictions already in place.

[rubicon]

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

[golfing eagles]

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1 rotfl:

[kittygilchrist]

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1 rotfl:

Raffle tickets for you to actually Roll on the floor and laugh.

[Topspinmo]

Actually few hundred pretty low percentage IMO.

Lots of resale for sale also, some nice places stay on the market over year. :shocked:Build out hype IMO pushes uniformed buyers to new sales. :popcorn:Lots of snowbirds just let their property go in the summer in CYVs from my observation? Not all milk and honey, except for me!:beer3:

[Topspinmo]

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1 rotfl:

You forgot stop sign monitors!

[golfing eagles]

Raffle tickets for you to actually Roll on the floor and laugh.

How much for a book of 10?

[kittygilchrist]

How much for a book of 10?

Home visit, private party, or at a square?

[golfing eagles]

Home visit, private party, or at a square?

Has to be a private party. I'd probably get trampled at the squares by line dancers, and a home visit might draw the garden gnome policewoman

[Dr Winston O Boogie jr]

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

I think that most of these homes have been abandoned and many are the result of the owners passing away. Often the heirs cannot be found or the liens on the homes are so high that the heirs want nothing to do with them. I don't know if banks giving loans to unqualified people is a big part of the problem here.

I know of one instance where the owner came down with Alzheimers and had to be institutionalized.

It takes 3-4 years for a bank to foreclose and many of these homes have no mortgage.

It takes even longer for the government to foreclose for unpaid taxes.

The Villages has found that it takes less time to foreclose for unpaid amenity and utility fees so they're going that route.

[cmj1210]

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:



1) save seats for others until the entertainment starts

2) paint stripes on MMPs

3) scare away coyotes and bobcats

4) remove unwanted dog "poop"

5) guard trees from illegal cutting

6) patrol for garden gnomes

7) radar clock anyone driving a golf cart at 20.1 mph

8) challenge anyone with a handicap permit that doesn't appear handicapped

9) keep line dancers in check

10) please feel free to add to the list



:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1 rotfl:


[emoji106]

[outlaw]

I think that most of these homes have been abandoned and many are the result of the owners passing away. Often the heirs cannot be found or the liens on the homes are so high that the heirs want nothing to do with them. I don't know if banks giving loans to unqualified people is a big part of the problem here.

I know of one instance where the owner came down with Alzheimers and had to be institutionalized.

It takes 3-4 years for a bank to foreclose and many of these homes have no mortgage.

It takes even longer for the government to foreclose for unpaid taxes.

The Villages has found that it takes less time to foreclose for unpaid amenity and utility fees so they're going that route.

Agree. Probably most of these properties are due to the owners dying or being put in a care facility. The heirs can't/won't pick up the property maintenance and debt, so the house eventually goes into foreclosure. That's what happens in a retirement development. Lots of old people with maybe 15 or 20 years left.

[chuckinca]

Agree. Probably most of these properties are due to the owners dying or being put in a care facility. The heirs can't/won't pick up the property maintenance and debt, so the house eventually goes into foreclosure. That's what happens in a retirement development. Lots of old people with maybe 15 or 20 years left.


And also lots of oldsters with maybe 0 to 3 years left.


.

[golfing eagles]

And also lots of oldsters with maybe 0 to 3 years left.


.

Now there's a cheery thought to start the day.

[tomwed]

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1 rotfl:
Lewd and Lascivious Behavior Patrol
As an officer you will be on the lookout for loofas, square "dancing", utility box "dancing", golf cart streakers and swim trunk droppers.

[golfing eagles]

Lewd and Lascivious Behavior Patrol
As an officer you will be on the lookout for loofas, square "dancing", utility box "dancing", golf cart streakers and swim trunk droppers.

LOL. Was wondering how long it would take you to chime in.

[Buckeye Bob]

Assume a person passes away and the Villages forecloses on the property over amenity fees/maintenance fees; what happens to the equity that the property has?

[golfing eagles]

Assume a person passes away and the Villages forecloses on the property over amenity fees/maintenance fees; what happens to the equity that the property has?

One would assume it goes to the estate, but a lawyer will know for sure

[Walt.]

Assume a person passes away and the Villages forecloses on the property over amenity fees/maintenance fees; what happens to the equity that the property has?

Perhaps if the heirs can't be located the equity eventually goes to the State of Florida to sit in the "waiting to be claimed" fund with the other billion dollars.
That's money that will sit for years that the heirs will never think to look for. Free money for Florida.
Why not check the sites below to see if you have some money coming? Lots of refunds, utility deposits, insurance payments, etc.

[2BNTV]

Let's say there are 100 homes in foreclosure.

Using a rough estimate of 51,435 home in TV, that says .19% of the total amount of the homes, are in foreclosure.

I tend to think the majority of these homes are owned by people who have gotten sick and their heirs don't want to be bothered, as opposed to faulty lending practices.

On the other hand, I know a couple of people who have purchased homes beyond their means but I hope they can make the required payments.

I'm sure this happens all over the US but the developer surely will remedy this problem, If I remember correctly, didn't the developer buy 80 homes on the historic side and rebuild them?

BTW - I'm sure those homes were not in foreclosure but the developer saw it as being upgraded. Then again, I have no doubts that someone will correct me.

[Jima64]

The other news provider did say that the normal forecloser can take several years and homes without mortgages can be just as bad. Do the banks make any effort to keep up the property while they try to take it over?

[Bonny]

Maybe add to the list:
Circle Monitor: Making sure everyone is going around the circles the correct way.
Bar Monitor: Check how much everyone is drinking. Maybe even drive the drunks home.

Back On Topic....
We have a foreclosure 2 doors down. His wife left him a few years ago and he just moved & left the house to the bank. I think he owed more than it was worth when prices went down. It's a mess in the yard & weeds all in the driveway. They finally had someone come and do a better job, but it still looks awful. Definitely an eyesore !

[kittygilchrist]

Maybe add to the list:
Circle Monitor: Making sure everyone is going around the circles the correct way.
Bar Monitor: Check how much everyone is drinking. Maybe even drive the drunks home.

Back On Topic....
We have a foreclosure 2 doors down. His wife left him a few years ago and he just moved & left the house to the bank. I think he owed more than it was worth when prices went down. It's a mess in the yard & weeds all in the driveway. They finally had someone come and do a better job, but it still looks awful. Definitely an eyesore !

I volunteer as circle monitor...loudly feweeeeting my coyote whistle to keep the speed up...

[ttown]

We live in a nice neighborhood. There is one house that has been abandoned for at least ten years. It is covered in mildew and vines. Repeated calls to Community Standards has brought a crew that mows the weeds. We can only hope that the Villages can step in and do something. Please.

[Bavarian]

Problem starts when purchaser buys the home with a mortgage that they won't live to pay off, (Germany won't allow anyone older then 70 to get a mortgage); there may not be any heirs; House paid for, no heirs to inherit so no one cares.

Bob Massi the Property Man on Fox News Channel Saturday and Sunday afternoons mostly talks about Las Vegas Property, but talked about this problem when he went to FL. Seems wide spread.

Nothing can be done if no people are there to own the property.

What was always the saying: have your last check written to the IRS and have it bounce

[NYGUY]

This is copied and pasted from the online news.


The Villages will strengthen efforts to reduce the number of distressed properties by short-cutting the foreclosure process.
Foreclosures on those properties will be sought earlier based on unpaid amenity fees and maintenance costs under an administrative policy approved Wednesday by the Village Center Community Development District. The policy was approved without discussion.
David Miles, district finance director, said the action is possible under deed restrictions already in place.

Sounds like a good idea to me!!

[golfing eagles]

Problem starts when purchaser buys the home with a mortgage that they won't live to pay off, (Germany won't allow anyone older then 70 to get a mortgage); there may not be any heirs; House paid for, no heirs to inherit so no one cares.



Actually, the county and school taxing authorities as well as the electric company and TV CDD utilities all care. Deed compliance will care when neighbors complain. And although I hate to mention it, but if the owner is very elderly, extremely reclusive and not seen by neighbors often, well....you get the scenario.

[joldnol]

Another left off of the list: Judging whether others opinion's are trivial and unworthy.

[golfing eagles]

Another left off of the list: Judging whether others opinion's are trivial and unworthy.

Yes, but it doesn't happen much out and about in TV. Seems to be a sport restricted to TOTV:1rotfl:

[waterlily]

I am only posting because Gracie started the thread.

[golfing eagles]

I am only posting because Gracie started the thread.

Now there's a good reason if ever I heard one:1rotfl:

[Jima64]

Too bad there is not a way to speed up the process of taking a property and putting it back on the market. Do most foreclosers go through uncontested? If so, why does it take so long.

[Nucky]

Unless I'm missing something which is possible or if things are done differently in Florida the hit list for these foreclosures in The Villages can be found where? I have put several realtors on cross examination about foreclosures and the total result is zero. I would love to catch a manufactured or regular home that's hurtin for certain and shape it up to help myself, the neighbors, & The Community. I would never consider a house that the people or person are being evicted by the sheriff and the house is available immediately. Bad Karma, not into that scenario. If you feel like it my E-mail is Muhlbach1@hotmail.com. I'll try to help with one or two properties. I just need an address a picture and a description of what is known about the property. Once I'm set, I will be living in one of them I'll help you learn how to do the same thing for free if you like. It's rough to do and at times during the process you'll think that you should have your head examined but the feeling of accomplishment and helping someone else is amazing. There should not be any properties like that in this beautiful place. With all the knowledge and time people have on their hands it should be rewarding. Making a few dollars doesn't hurt either. I am disabled and can't do any of the work anymore, my wife would be the one technically doing the lifting...she great at the whole process and handles it with ease. I have no licensed business and am just looking for a bargain to start our restart in The Villages.

[Dr Winston O Boogie jr]

Actually few hundred pretty low percentage IMO.

Lots of resale for sale also, some nice places stay on the market over year. :shocked:Build out hype IMO pushes uniformed buyers to new sales. :popcorn:Lots of snowbirds just let their property go in the summer in CYVs from my observation? Not all milk and honey, except for me!:beer3:

It's one one hundredth of one percent. I'd say The Villages is doing extremely well in this area. No where else in this country would this be looked at as a problem.

[Moderator]

The topic is distressed properties in the Villages. Please stay on topic.

[asianthree]

We bought our home from the child after parent passed away. Even though there was money and mortgage was paid off, it took a seventeen months before property could be put on market. It's not a fast process

[jbdlfan]

We bought a foreclosure. Got an awesome deal. Owner flat out just walked away.

[villagetinker]

Perhaps the solution would be for the developer to do MINIMAL maintenance, filing a lien on the property. This would include MINIMAL lawn and garden maintenance, and if necessary bug control.
I am sure there will be problems with this 'solution' also, but I believe this is much better then the properties just sitting vacant and decaying.

[buzzy]

Perhaps the solution would be for the developer to do MINIMAL maintenance, filing a lien on the property. This would include MINIMAL lawn and garden maintenance, and if necessary bug control.
I am sure there will be problems with this 'solution' also, but I believe this is much better then the properties just sitting vacant and decaying.

Might be a benefit if it was the only lien. A prior lien would take precedence. Probably would not matter if there was no signed contract.

[rubicon]

I do not know what triggered this thread to reopen, however, discussion had been on foreclosure homes. I won't say where but I have been by two homes in The Villages that are occupied and in dire need of maintenance . is the cause lack of motivation or lack of ability?