Unbelievable LOCAL 2008 House LEFT TO ROT!

Such a shame is right. I read not too long ago, that some companies were offering free 'rent' to someone who'd live in a home so this wouldn't happen. Eventually it would sell, if it didn't deteriorate.

Patty

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Why not post the street address of this house? It would make a good place for 20 or 30 homeless folks to get out of the weather for a few years.

Because I am trying to get the house secured and locked up. I am not going to encourage looting it, stripping it, and sorry, not gonna advertise for the homeless folks to trespass and be squatters...wouldn't my neighbors love me? Also, I am sure a lot of homeless are reading this thread. OH, WOW, I should have read that again...ROFL:

Since the place is not safe, you want to do away with the homeless? OMGosh!!! The roof is caving in, floors collapsing... Oh, it is only in the 40s here BTW. No homeless in the streets around here, they live in the forest.

A bank is like a dog in a manger. The bank has no use for the home but won't let anyone else have it either.

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Libertarindependent

We have absolutely zero such cases nearby... someone builds a house, they move in before the paint's dry.

That'd be a sore temptation if it were next door and it was falling apart. I'd have to talk to the bank about it... if they didn't show any interest in the house, I would be tempted in 'securing' it myself... before the bulldozers arrived. Once a house gets past a certain stage with water damage and mold, it's a teardown event.

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Wow, those huge sags in the floor of a house that new? It was very poorly built!

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Love the tower part of the house, care less about the rest of it. I must have been a hermit lighthouse keeper in a former life....

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That's true, you do have to watch out for the Forest people here in western WA as they can be dangerous.

I live near a town that has lost 10% of its population in 10 years. There are homes all over that sit empty. No one interested in moving here, so nothing will sell.

Many homes have failing shingles.

Recently, a 50 year old two bedroom ranch, with two car garage sold for under $10,000. But the people that lost it to foreclosure, left it, water didn't get shut off, so all the pipes froze and water was pouring out the crawl space.

I have seen a few huge newer homes that have set empty for many years. Owners owe too much for it, can't sell, banks won't foreclose as long as a few bucks are paid.

THere are many storefronts that have been empty for a decade.

I wouldn't be suprised if that house is a part of a legal suit, either tha contractor, original buyer, someone. The bank's loan officer should be fired.

I would wager the house is part of a lawsuit. That is the only possible explanation for its apparent complete utter neglect. The original contractor is out of business. The contractor who was supposed to maintain the home (after bank possession) is out of business. The bank is on title as owner (I checked). There are a lot of loan officers who should be fired, yep, you are right!

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Christie Acres
www.SequimForLife.com
http://www.irealtyvirtualbrokers.com...lori-christie/
http://luxurywaterviewhomes.com/
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If you really like the tub, and it appears you could get it out safely......you might try talking to the bank. Maybe they would let you buy the tub?
If they end up dozing it, all the stuff that could be reused would get trashed.

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Good possibility the original loan was through a mortgage broker no longer in business and the mortgage divided up between 4-5 mortgage funds - to spread out the risk. Sometimes it is difficult to determine who technically holds the mortgage.

In one photograph there is a double 2" x 4" holding up part of the ceiling so at least someone did something.

They discovered a lot of shoddy housing construction after Hurricane Andrew in South Florida. For example siding put directly on wall studs.

Now we are seeing what has happened in Haiti.

The end of this home's story?

This morning, the "fixed" home was auctioned off for $350K, on 4.7 acres, with a metal shop building. Nothing known about the repairs, only disclosure had to do with pipes that burst (hmmm, you saw the pics...NOPE). Yes, pipes may have burst, but the roof leaked badly to cause all that damage upstairs...also, no pipes in the ceiling below those rooms... The areas with severely damaged wood floors were carpeted and the entire interior was repainted. No telling how much was repaired or painted over... There was mold throughout this home as it got worse after I photographed it...

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http://www.irealtyvirtualbrokers.com...lori-christie/
http://luxurywaterviewhomes.com/
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Caveat emptor!

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I congratulated the winner of the auction as she isn't just getting a good deal, despite needing to do some repairs to prevent that roof failing again (basically changing the slope to the back...). Here, even in this market, you might find bare land with a view for $350K.

Back to the house- I have found out a lot of the interior walls were re-done and as long as the pipes are fine, the main issue will still be that ROOF! Also, the construction wasn't shoddy, but it was a poorly designed home, especially for the PNW (rain rain rain does not = a flat roof...). The original owners ran out of $, then began finishing it as cheaply as possible. All that steel work was very pricey!

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Christie Acres
www.SequimForLife.com
http://www.irealtyvirtualbrokers.com...lori-christie/
http://luxurywaterviewhomes.com/
SequimLiving@gmail.com

Maybe they ran out of money paying the taxes.

The couple who built this home, has theirs up for sale. It didn't sell. Due to not being able to continue making both payments, they put this house up for sale, and it didn't sell. So, they let it go back to the bank, so they at least had their first home left.

As for construction, the bottom line was simply the house cost more to build than they anticipated. They had taken out a construction loan... The taxes were high, yes, but that wasn't the deciding factor.

Present taxes are around $7K per year, which should substantially drop once this sale goes through. They will likely be about half.

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Christie Acres
www.SequimForLife.com
http://www.irealtyvirtualbrokers.com...lori-christie/
http://luxurywaterviewhomes.com/
SequimLiving@gmail.com

Someone was definately in a hurry when it was built.

Look under the sinks, the rough in is lousy and the used flex supply
lines on an open fixture. Not a whole lot of pride there.

There are about 1000 houses in my county just like that. Foreclosed and walked away from, or flooded in 2007 and never repaired. My next door neighbor built a nice home on the river in 2008, then walked away last year. The house is probably molding inside. Even with "winterizing", our climate is very wet. Without heat and ventilation, it's likely to be pretty nasty inside that house.

The stair railing looks to have been made by a custom ornamental shop out of pre-case parts. Even so, I suspect it cost an minimum of $50K. One done by a blacksmith would likely run $100K or more.