Tuesday, November 20, 2007

Vacant Houses in the Inland Empire create new problems

As the real estate recession continues to worsens, just up the I-15 in the Inland Empire officials are deals with a new set of problems.

Foreclosed homes all over the Inland Empire are turning into what Lisa Carvalho calls "trash-outs" - wooden and stucco carcasses with piles of junk left behind by former tenants.

In the big picture, the Riverside-San Bernardino area ranked No. 3 in the United States on the home-foreclosure chart for metro areas, according to a Wednesday report by RealtyTrac, a real-estate data company in Irvine. There were more than 20,600 foreclosure filings during the third quarter of this year, it stated.[Link]

Even more interesting is what is happening on the other side of the Tehachpis:

The High Desert offers even more interesting tales.

The area is full of tract homes in subdivisions that have stacks of furniture piled inside every room, she said.

"These typically look like they're occupied, but they're not trashed," she said about these homes. "(The owners) just walk away and wash their hands of it."[Link]

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