The mortgage company is ulitmately responsible for the property.....
When the folks down the street abandon their house, who do you think eventually comes and mows the lawn, secures the doors to keep neighborhood kids out?
Answer- Its the mortgage company....
How do they know the condition of the house? The send out an inspector to take pictures, and sometimes leave a note for the homeowner... The mortgage company just wants to know whats going on....
Here is a cut-n-paste example from city a ordanance..
The ordinance requires ongoing maintenance throughout the foreclosure period. Maintenance includes, but is not limited to, assuring there are no accessible structures on the premises and assuring there are no conditions upon the property that present an immediate risk to the heath and safety of the public. This includes maintaining the public sidewalk free of snow and ice, cutting of overgrown vegetation (grass/trees), removal of nuisance trash, debris, vehicles, graffiti, etc.
I do these inspections in my area, it is a way to make extra income....but I am sympathetic to the homeowners to some extent....
(I lost my job, house foreclosed, had to relocate, making 20k less a year, but I'm running the roads on the weekends trying to make ends meet... just filed Chapter 13 two weeks ago)
During my foreclosure, I was in contact with my Mortgage Company every 2 weeks to keep them updated, they were good enough to loan me money to buy my house, I could take 60 seconds twice a month to update them about my job hunt and my continued inability to pay my mortgage...
You would be suprised at the condition some people leave their house in.... I've inspected one house where the doors were wide open, about 50 prescription pill bottles scattered on the kitchen counter(along with all kinds of other junk) (I called this one in immediately, it was during the summer and I could imagine neighborhood kids exploring the house and experimenting with the pills)
When the folks down the street abandon their house, who do you think eventually comes and mows the lawn, secures the doors to keep neighborhood kids out?
Answer- Its the mortgage company....
How do they know the condition of the house? The send out an inspector to take pictures, and sometimes leave a note for the homeowner... The mortgage company just wants to know whats going on....
Here is a cut-n-paste example from city a ordanance..
The ordinance requires ongoing maintenance throughout the foreclosure period. Maintenance includes, but is not limited to, assuring there are no accessible structures on the premises and assuring there are no conditions upon the property that present an immediate risk to the heath and safety of the public. This includes maintaining the public sidewalk free of snow and ice, cutting of overgrown vegetation (grass/trees), removal of nuisance trash, debris, vehicles, graffiti, etc.
I do these inspections in my area, it is a way to make extra income....but I am sympathetic to the homeowners to some extent....
(I lost my job, house foreclosed, had to relocate, making 20k less a year, but I'm running the roads on the weekends trying to make ends meet... just filed Chapter 13 two weeks ago)
During my foreclosure, I was in contact with my Mortgage Company every 2 weeks to keep them updated, they were good enough to loan me money to buy my house, I could take 60 seconds twice a month to update them about my job hunt and my continued inability to pay my mortgage...
You would be suprised at the condition some people leave their house in.... I've inspected one house where the doors were wide open, about 50 prescription pill bottles scattered on the kitchen counter(along with all kinds of other junk) (I called this one in immediately, it was during the summer and I could imagine neighborhood kids exploring the house and experimenting with the pills)
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