How to live in a mini mansion for free for 6 months

NEW -> Contingent Buyer Assistance Program
irvinefsbo_IHB

irvinefsbo_IHB

New member
<p><a href="http://www.latimes.com/business/printedition/la-fi-vacant28aug28,1,1057008,full.story?coll=la-headlines-pe-business">http://www.latimes.com/business/printedition/la-fi-vacant28aug28,1,1057008,full.story?coll=la-headlines-pe-business</a></p>

<p>Now home owners have to worry about your neighbor's empty foreclosed home. Because squatters/scammers can move in and produce a "fake lease" and cops won't kick them out, unless a proper foreclosure process is done. Could take 6 months if you have a baby, declare bankruptcy and a sympathetic judge. </p>

<p>Can you image this? </p>
 
<p><em>"If you know what you're doing, you can get six months in a place with a kick-ass view," Ragsdale said.





</em>Heh heh.....he said ass.</p>

<p>I know Chris, I'm sure he'll be busy working on these problems. We have a lot of crafty gypsies on the Westside, they are the masters of the scam. True, police will most likely not get involved in an issue like this. </p>
 
I think this would be a good business to start. The homes are going to sit for awhile. Have the banks pay you to live in the house until foreclosure is complete.
 
<p>I could foresee a situation where banks might just offer crazy low rent to highly qualified individuals just to curtail scams like this.</p>

<p>Did they do this kind of thing at all in 93-95? </p>
 
OK, business plan. Now ! Wendy....you are a genius ! Business would create a pool of short term renters who are pre-qualified (credit and background check). Charge the banks a "finders fee" and accept some sort of responsibility for the "tenants". Hmmmmm. Probably would have to sign a waiver releasing bank of any liability from personal injury/theft/burglary....etc.
 
<p>Or maybe us renters can just approach the banks on our own and offer to live/caretake the properties..... </p>

<p>It would be a hassle though because as the bank is trying to sell, potential buyers would have to have unlimited access to the dwelling.</p>

<p>I like the concept though ! Someone try it.</p>
 
i recall reading an article of someone who looks after for-sale houses professionally, so the house wouldn't look "stale" while being shown. this is the same concept, no?
 
<p>Looks like unmaintained foreclosures are a big deal. So we have to get Irvine residents together to pass a local ordinance.</p>

<p><em>http://www.npr.org/templates/story/story.php?storyId=12623065</em></p>

<p><em>"Home foreclosures jumped nearly 60 percent during the first half of the year, and many of those foreclosed houses are sitting vacant. That's a problem because empty properties soon become unkempt lots that are an eyesore for neighbors, potentially devaluing their properties.</em></p>

<p><em>Residents of Chula Vista, Calif., have fought back, passing a law that requires lenders to hire a management company to take care of houses that their borrowers can no longer afford."</em></p>

<p>Our management company can design, stage and maintain the home. The "renters" just need to be out of the home from 9am - 5pm. everyday for house showings. </p>

<p>Since banks don't want to pay out any money, payment will be a 10% lien on the house when it sells. This way both the management company and bank will be motivated to get the best price possible. </p>

<p>What do you think? Sorta like a Designed to Sell show?</p>

<p> </p>
 
You must log in or register to reply here.
Back
Top