economic downturn, anyone dealing in real estate quickly became familiar with
previously little-known terms such as foreclosure and short sale. Now that the
housing market is picking back up and people are moving on, a new term is
coming to light — zombie titles.
The Zombie TitleThis is when a
home has been vacated because the owners defaulted on their loan and their bank
started the foreclosure
However, for some reason or another the bank never completed the foreclosure
and sold the home. So, when the city starts fining someone for the overgrown
grass and dilapidated structure, the homeowner who thought they were finished
with the property gets the bill. A Home that Keeps HauntingHomeowners think
they don’t own the property any longer and therefore try to move on by rebuilding their
and finding a new place to live. It can be a rude awakening to find out that
not only do they still own a home they could have been living in, but also its
long vacancy has caused it to fall into disrepair. It’s Spooking the NeighborhoodThese vacant
homes can decrease the
value of a neighborhood. If the bank or the un-suspecting homeowner are
neither one taking care of the property, then it can become overgrown and an
eyesore on the block. It becomes a problem with no solution because the owner
won’t want to invest any money in fixing up the property when the bank could
come back with the foreclosure at any time. Nail Shut the Foreclosure CoffinHomeowners who
have foreclosed on a home should double check that their
bank actually followed through to closing on a sale. They could contact their
lender or check public property records just to make sure. Otherwise, they
could be haunted by their housing nightmare all over again.
Don’t let the
zombie title of a past property haunt your future! Check with your bank to make
sure you’re free and clear of your foreclosure. If you’d like more information
on zombie titles or have other questions about local real estate, please call
me at 214-727-3366 or email me at LCardilloHomes@gmail.com
Call Lisa Cardillo with JP and
Associates REALTORS today. Lisa Cardillo specializes in residential real
estate in Wylie and Sachse as
well as the surrounding communities. Want a faster sale at a higher
price? Let my education, experience and advanced marketing techniques benefit
you in the sale of your home. Looking at buying or
selling real estate, visit my website www.HomesByCardillo.net
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: email@example.com
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
I read recently that the CEO of Zillow.com, Spencer Rascoff collected
"“I’ve known Chris for several years now, and have always found him to be honest in his business dealings. He also works very hard to bring about successful outcomes in his business ventures. You’ll find him very pleasant to work with as I have!”"