Financial Ruin!

I PAID $316,000 FOR MY HOME.  IT WAS ASSESSED AS LOW AS $70,000!   

INSURANCE

WFLA News Tampa

                                   Insurers are refusing to cover prior defects!

 

 

                               ..

                          Foreclosure    

     69% of the houses defaulted in some neighborhoods.  Some got short sales, but their credit is ruined.  You can end up with a deficiency judgement.

 

 NO PERMITS  PULLED FOR EXTENSIVE WORK!  This could be a financial disaster for the owner.  KB Home  was caught working  without permits.  This puts the owner in a very precarious legal predicament.  The county wanted to demolish this house and foreclose for lack of permits!  Busted…

 Can you borrow? 

Say your roof leaks – you better have some cash on hand  because  if you are upside down on your mortgage (houses are by as much as  $200,000 in here!) well, you just aren’t going to borrow any money!  Probably not ever!