White Elephant in rhe Community!
Posted: Sun Aug 08, 2021 6:36 pm
We have a large Lola type house on the community that has 16 years of neglect of maintenance. The owners witheld on their full community fees, just paying a small amount each month for years. Then they left the property altogether and I believe defaulted on the mortgage and it went back to the bank. The house has been unlived in and neglected for years now.
Regardless of the inside, the front facade is beginning to crumble, there are cracks and any existing paintwork is peeling off. In short it is a disgrace and a blot on our otherwise smart and well cared for community.
Now several of the neighbours are wanting to sell, but would be buyers are put off by the proximity of this house.
My question to anyone who knows is what can be done about this? We do not know which bank owns it and unless a buyer can be found for them, doubt they would do anything. Can we as a community, provided all in agreemwnt, use community funds to employ tradesmen to improve the front facade of the property, so at least other nearby householders have a fighting chance of obtaining viewers when it comes to selling their properties?
I suspect the answer will be negative! But its catch 22 situation isnt it? Its so unfair that this white elephant might devalue its neighbours when just lick of paint and a tart up could solve the problem and make all the difference!
Any knowledgeable advice greatly appreciated! Or has any other community had a similar problem and resolved it? If so, how?
Regardless of the inside, the front facade is beginning to crumble, there are cracks and any existing paintwork is peeling off. In short it is a disgrace and a blot on our otherwise smart and well cared for community.
Now several of the neighbours are wanting to sell, but would be buyers are put off by the proximity of this house.
My question to anyone who knows is what can be done about this? We do not know which bank owns it and unless a buyer can be found for them, doubt they would do anything. Can we as a community, provided all in agreemwnt, use community funds to employ tradesmen to improve the front facade of the property, so at least other nearby householders have a fighting chance of obtaining viewers when it comes to selling their properties?
I suspect the answer will be negative! But its catch 22 situation isnt it? Its so unfair that this white elephant might devalue its neighbours when just lick of paint and a tart up could solve the problem and make all the difference!
Any knowledgeable advice greatly appreciated! Or has any other community had a similar problem and resolved it? If so, how?