Saturday, April 26, 2008

Real Estate Scams, Tenant Foreclosure Evictions, Concrete Poured Into Home Drain Pipes On The Upswing In Southern Nevada, Says Housing Advocate

In Carson City, Nevada, KOLO-TV Channel 8 reports:
  • Some Nevadans who fall behind on their mortgages and face foreclosure are trashing the homes as they move out, a [state] legislative study panel was told Tuesday. Gail Burks of the Las Vegas-based Nevada Fair Housing Center said there's an increase in southern Nevada borrowers who are giving up when faced with foreclosure and "are taking things out of the property, they're putting cement down the plumbing."

  • Burks also said she's seen an increase in violations of a new state law that's intended to block bogus real estate deals and ensure that borrowers can afford a home loan. She also said there are more cases of renters being forced from homes going through foreclosure.

For more, see Borrowers Trash Homes.