Chase isn't Foreclosing and now FINALLY we know WHY!!!!!

[frogger]

Since you haven't lived there in 4 years who is paying the taxes? With four years having gone by, here in Georgia there'd already be a tax lien purchased by someone.

Normally, that is correct. In this case however, the taxes probably will not sell due to the lack of value with the property. The lender probably will not foreclose either, due to the problems creating the lack of value to the property.

Therefore, tobee is stuck with the title to the property and the code violations and fines that come along with it. This is a nasty little ploy that the lenders do when the property can not be resold or is a liability.

[Drazil65]

Wow, incredible story...too bad its ended up like that, these TBTF banks are not the sharpest tools in the shed are they! Do you have pix of how you left it with all the signs posted and what not? If you do then I might have someone snap a few pix of how it looks now so that you have a record in pictures, for whatever reason (ie: someone tries to come back on you with some type of invoice or try to bill you to have it taken down, you never know with your name on the deed and all just saying).

At least you can take comfort in knowing for sure that leaving that house was the right and only thing to do.

[Bell30656]

Since you haven't lived there in 4 years who is paying the taxes? With four years having gone by, here in Georgia there'd already be a tax lien purchased by someone.

[tobee43]

Where I live, it isn't rural. But there are flood zones in the area. In fact, on Rte 23 (which floods every time it floods), there were some businesses that didn't reopen after the flood last summer when we got what turned out to be a tropical storm. It just got too costly to keep repairing after each flood. In a town I used to work in, I remember driving by house that had water up to their roofs.

I think the society in general is stupid for building in flood zones.

i know exactly where you are taking about. that entire area gets flooded year after year. one time i was taking the back flats to get home from work and found my car all of a sudden surrounded by water filling and coming all around me. it was too late and i had to continue, i was so lucky the car didn't die. i looked around and saw 3 cars floating and people up on a small mound. i didn't want to shut off the car, but told them all to come in through the window if they could because i couldn't open the car doors the water was that high! i will never ever forget that experience. where we lived was mountains certainly not a low lining area that should have flooded. there is also the factor of the types of soil or lack of in that area where the water has no place to drain, unlike the shore area which is sandy loam. frankly, i don't understand why they allowed them to build there at all.


we lived off of 23 just way way way up there.

[helpmeout]

Where I live, it isn't rural. But there are flood zones in the area. In fact, on Rte 23 (which floods every time it floods), there were some businesses that didn't reopen after the flood last summer when we got what turned out to be a tropical storm. It just got too costly to keep repairing after each flood. In a town I used to work in, I remember driving by house that had water up to their roofs.

I think the society in general is stupid for building in flood zones.

[tobee43]

Wow!! This would be worth a trip back just to see for yourself and get the "after" photos.

Des.

des, i don't think i want to see it looking like that, although i'm so tempted!

helpmeout, i don't know which county you are or were in but we were WAY up north, so you probably know where i'm talking about. chase would have nothing to do with a DIL heaven knows i tried. i'm just interested to find out what the status of the deed will be if the place gets condemned by the health dept and gets torn down??

[tobee43]

ROTFL!



It really is a shame that the bank let the house go. But, it does sound like a house never should have been built there. Maybe it's for the best that the land go back to the wild.

lady you are so correct. actually we were told that by one of the soil scientist we hired when we started having flooding problems. the land was on shale and it absorb water to begin with, and with the changes the town made and the gas-line hitting the leech fields we were doomed!

it was really "wild" land anyway. we had bear, and for a couple of years a coyote denned near the back pond area. the bear cubs would climb up my fruit trees and stripe them. i guess they can have them all now.

[despritfreya]

Wow!! This would be worth a trip back just to see for yourself and get the "after" photos.

Des.

[helpmeout]

I signed a Deed in Leiu last Dec/Jan. The house is listed for sale. Still at a higher price than what it was originally bought for, but for under the mortgage amount (refinanced to pay off cc debt and remodel the bathroom, which had a sinking tub at the time). It has been lowered even further 2 times since the listing.

I think that they will be able to sell the house, but it's going to take a while and they are going to have to lower the price even more as it does need quite a bit of work.

In the meantime, I don't think that they actually filed the Deed in Leiu. But since part of the Deed in Leiu was that I cannot go on the premises for any reason, I am off the hook. Funny thing is, they would probably have a better chance of selling the house if they actually mowed the lawn.

[LadyInTheRed]

well the thing about this home is it's REALLY UNDER REAL water!!! LOL!!!!!!!

ROTFL!

I have pictures when we left it was in perfect condition in the house. perfect. so it was their choice. i know it was a big 4500 square foot home, but as i said we even polished the hardwood floors before we left! so it was their decision to let it all go, it was salvageable at the point when we left.

It really is a shame that the bank let the house go. But, it does sound like a house never should have been built there. Maybe it's for the best that the land go back to the wild.

[tobee43]

well the thing about this home is it's REALLY UNDER REAL water!!! LOL!!!!!!!

i have pictures when we left it was in perfect condition in the house. perfect. so it was their choice. i know it was a big 4500 square foot home, but as i said we even polished the hardwood floors before we left! so it was their decision to let it all go, it was salvageable at the point when we left.

[Toby629]

Wow, tobee, that is incredible! This probably is happening more and more too as the foreclosure situation continues on. I read that 11 million homes are underwater now and how many of these will be foreclosed on or people end up surrendering them?

We just moved in February and went by our old house two days ago. It too is rural with 3 acres that we kept mowed. Guess what? The bank has it for sale with a realtor but they are not keeping the property mowed, it looks awful. They just have a small area in front of the house and a small area behind that they are mowing. It just looks really run down. Plus it needs a new roof on the house and garage, new windows, plumbing work and on and on. Oh well, not our problem anymore.

[tobee43]

Well at least you know now. I've been meaning to offer to check it out for you.
Crazy huh? what a waste.

shoot!!! wish i would have known. LOL!!

it was odd, we were thinking a few weeks ago about getting the old realtor we hired to sell the house, a few years ago, to have go back out to the house to make certain the signs were still visible. i guess this answered that question!

[tobee43]

Incredible. Even they know the place is useless. Perhaps they are waiting for the land value to appreciate.

jb, i'm not thinking that's going to happen since the more it floods the more the swamps are going to develop. OH!! i have it, maybe they are waiting for a lake to form so they can go fishing? LOL!

we also had leech field problems and then when a gasline came in they dug them up and then changed the entire water table. on TOP of that the town put a new curb into the road which caused water to directly come into our home. we actually during the spring would watch water gush out of the foundation which became cracked due to all the water flow. we lived with sub pumps for a few months yearly once the town made those changes. the house was becoming mold ridden, water damaged and we literally couldn't stay above water.

actually we found out at some point of all the problems we had during the years that that particular area never passed the water perk tests and no building should have ever been put up. however, we put in french drains actually put 100's of thousands of dollars through out the 30 years we owned the property. and, yet, we still tried to save the house we lived in for over 30 years.

now, we know losing our jobs and being pushed into filing bk was the biggest blessing we could have asked for.

[NJLawyer]

Well at least you know now. I've been meaning to offer to check it out for you.
Crazy huh? what a waste.