Anger Taken Out on Houses, Neighborhoods Lose

Unfortunately, this is something that’s happening all too frequently. Homeowners who are in foreclosure and are being forced from their homes are not going quietly. Just the opposite – they are ransacking the place before they o.

Cabinets are being ripped out, light fixtures removed, appliances taken. Anger takes over and the homeowners don’t want to leave anything behind for the banks. The problem is this syndrome just succeeds in dragging down property values in a neighborhood even more than a standard foreclosure would. According to RealtyTrac, one in every 336 houses in Florida alone is in foreclosure. To give you a sense of the burden this places on neighborhoods, according to ABC, we as taxpayers will spend $40 million alone in cutting the lawns of foreclosed homes. No one wins.

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