Qlipoth

"What matter who's speaking, someone said, what matter who's speaking."

Monday, November 05, 2007

"It's amazing what some people will do to their houses."

As many as 25 percent of Las Vegas' bank-foreclosed homes suffer intentional damage, according to an informal R-J survey of valley appraisers and real estate agents. According to Thomas Blanchard, owner/broker of First Realty Group, this damage -- most of which is inflicted in the four to 12 months between the notice of default and the constable's knock at the door -- typically requires $3,000 to $10,000 to repair. However, it can approach or exceed 10 percent of a home's total value. "Some of the time, the house's worth is a detriment to the land value," says Blanchard. "It's amazing what some people will do to their houses."
Posted by Qlipoth at 3:45 AM

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