[KayakerNC]

HOA's would have to increase their fees by a HUGE amount in order to pay all the legal fees involved in finding and suing the banks and/or shell corporations holding the mortgages. Be careful what you wish for.

[Bill-n-Brillo]

Don't feel as though repos/foreclosures are exclusive to particular areas of TV. There was a house across the street from ours in Duval that went into foreclosure and became a bank owned property. The entire process seems to take quite a while for it to conclude and for a bank to put the house on the market. This particular property sat unattended for several years......and all of the utilities were turned off during that time! Electric, water (potable and irrigation), gas, etc. Some of the neighbors pitched in to help keep what was left of the grass mowed in an effort to help keep the place fairly presentable from the outside. But one neighbor told me he'd seen inside the place and it was going to need some work, particularly to address mold issues.

Long story short, a couple bought the home for a very good price then put a BUNCH of money into it to make it right - cut the drywall up about 3', brought in the mold mitigation team, sprayed what was needed, replaced the drywall, all new flooring, mostly new landscaping, and got back on making the lawn look nice. And as a result they have a very nice house and are great neighbors!

Bill

[njbchbum]

Originally Posted by manaboutown

Good for you Gracie!

Martha Stewart was born Martha Helen Kostyra which I believe is a Polish name.

and she grew up in nutley, nj!

[justjim]

I admit that I know nothing about the Historical side of TV. I would bet someone on TOTV does. If I lived there, I would start by researching everything I could find on my Convenants, deed restrictions and whatever CDD I was in. The POA or VHA could be of help. I would enlist my neighbors who should be interested in their home values. I see a lot of nice property in the Historical District when I've been there to play golf and I would think there would be a lot of interest in the issue you have presented OP.

[CaptJohn]

Originally Posted by Bill-n-Brillo

Long story short, a couple bought the home for a very good price then put a BUNCH of money into it to make it right - cut the drywall up about 3', brought in the mold mitigation team, sprayed what was needed, replaced the drywall, all new flooring, mostly new landscaping, and got back on making the lawn look nice. And as a result they have a very nice house and are great neighbors!

Bill

That's the kind of home I'll be looking for......a fixer upper and something I can live in at a good price. I've done a lot of renovations and enjoy that kind of work as I can put my personal touches on them to have them customized. Send me the addresses of those run down/foreclosed/reversed properties and I'll look into that. I didn't realize there were any in TV. I thought everything was perfect there! I promise that I'll be a better neighbor than those empty, run down properties!

[CaptJohn]

Originally Posted by graciegirl

I don't know how to find out, do you, Maria? I wonder if BK knows how.

They should be found in the deed records in probate court for the particular county. Most are online these days.

[justjim]

Originally Posted by CaptJohn

That's the kind of home I'll be looking for......a fixer upper and something I can live in at a good price. I've done a lot of renovations and enjoy that kind of work as I can put my personal touches on them to have them customized. Send me the addresses of those run down/foreclosed/reversed properties and I'll look into that. I didn't realize there were any in TV. I thought everything was perfect there! I promise that I'll be a better neighbor than those empty, run down properties!

There are several people in TV who renovation is their thing and some of the manufacture homes I am sure can be renovated. From what OP said about others, it sounds like all you got is an empty lot after the "mess" is hauled away. Of course, you could get another manufacture home for the lot or build a frame or block home from scratch. If I was 20 years younger, I would jump at these opportunities! Been there---done that!

[rayschic]

gomoho...Property ownership is public info. What are the addresses you are referring to ?
Here's a link to the Lake County Property Appraiser. Just type in the address and you can see who owns it. Please let us know what you find out.

Records Search Terms of Use : Lake County Property Appraiser

[gomoho]

Originally Posted by rayschic

gomoho...Property ownership is public info. What are the addresses you are referring to ?
Here's a link to the Lake County Property Appraiser. Just type in the address and you can see who owns it. Please let us know what you find out.

Records Search Terms of Use : Lake County Property Appraiser

Thank you, but I wasn't the one questioning the property ownership. My question is who is responsible to enforce covenants and restrictions in the historic section - still TV or has it been transferred to home owners.

[gomoho]

A home obtained by a company through the reverse mortgage process is entirely different than a foreclosed property. I believe the OP specifically said these are reverse mortgage properties not foreclosures.

[queasy27]

The VCDD for the historic section is the Village Center.

Village Community Development Districts

[gocubsgo]

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!

[Parker]

We have an empty foreclosure next door that has been in that process for a least two years now. It was overgrown, mildewed, unkempt, shabby. Everytime someone showed up to appraise it, or to mow the lawn, or whatever, neighbors would rush over to complain of the condition and lack of maintenance. The response was always "We don't know anything and we aren't responsible". I personally went to Community Compliance three times and called them weekly, politely, with their only response being they'd check it out. Nothing at all ever done.

Finally a lawnmower showed up and said that if neighbors called Wells Fargo Bank and complained to them personally, it would get done. Voila! It worked. We called and they sent over a guy who trimmed trees and bushes way back, just sorta spiffed it up. They didn't clean up the mildewed fence and house, but it was a big improvement. So Wells Fargo responded in a very timely manner, which is apparently more than some banks do according to what I see posted here.

[Lynn222]

Originally Posted by gocubsgo

We called the bank and gave them addresses on the worst ones and they are in reverse mortgage. There are a couple that are abandoned but not many. I just don't understand why they are allowed to stand is disrepair like this! There is one on a corner lot that is SO bad, it had a tree growing through the floor in the 2nd bedroom and out the hole in the roof.

Reverse mortgage or abandoned, TV should not allow this.

What does The Villages say?

[gocubsgo]

Originally Posted by Lynn222

What does The Villages say?

The usual.."We are aware of the situation and we are looking into it" That was 3 years ago on some of these!