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Eyesores
They look terrible. The property has no upkeep; there might be a vehicle on blocks, a couch or an abandoned refrigerator randomly scattered around the yard. The grounds are unkempt, and the doors and windows may even be boarded.
Neighbors hate the properties. They bring down the property values of every neighbor’s home. The city hates them. Not only is the owner probably behind on taxes, but because the entire neighborhood’s taxable value is lower than it should be, less money comes into the city coffers to fund city services than would come in if the property was up to code.
Partnering
Learn how to partner with governmental agencies returning zombie properties to performing, conforming real estate to the benefit of the neighborhood — and reap the profits!
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