Foreclosure Homes: Charitable Group Sneaking Families w/Hardships into Foreclosed Homes
An interesting phenomenon is happening with foreclosure homes in Cleveland, and perhaps a few more cities around the country. What is it? According to the article, In Cleveland The Homeless Are Cleaning Foreclosed Homes, on the blog Moments In Time:
Foreclosure Homes Provide an "Illegal Hand Up" to Some
A group in Cleveland, Ohio is quietly cleaning up the properties and sneaking families into the homes. . . . a group of tradesmen are doing something productive during the recession by cleaning the yards and gutters of foreclosed homes. They are covering up exposed wiring and unbarring windows. Then the group silently helps families that were in shelters learn the squatters life.
The article goes on to note that this kind of “nontraditional help” has helped some families to get back on their feet, eg, save enough to find a legal home.
Foreclosure Homes in Cleveland: A Unique Situation?
Cleveland other manufacturing cities like it are perhaps more unique than many cities hard hit by the foreclosure crisis. Many jobs that are disappearing in these factory cities are gone forever, so there will be no “housing recovery”. At least not in the foreseeable future according to some economic experts.
At least by having inhabitants — even “foreclosure squatters” — a property is lived in and in at lease these cases cared for. As previously mentioned, a group of tradesmen pitch in to do many of the tasks that cause a foreclosed property to fall into disrepair.
Foreclosure Homes Occupied by “Squatters”: The Effect on Neighboring Home Values
No one knows how this shakes out and affects neighboringhome values. As it’s done “on the down low,” and is a relatively new phenomen, it remains to be seen.
Read the entire article on this newest wrinkle caused by the foreclosure crisis.
Read more on this subject in When squatters rule the roost.
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