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REO/BPO and Foreclosures Real Estate Owned and Broker Priced Opinion topics, as well as discussions on foreclosures and how to make the most of this aspect of the real esate market.

 
 
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Old 11-21-2007, 03:07 PM
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Default Who is responsible for foreclosed property?

I was wondering if anyone (the bank, the lender...) is responsible for maintaining a foreclosed property? I know that many foreclosures are neglected, which creates an eyesore for the neighborhood, but is it anyone's job to take care of a foreclosed home? If not, does that mean that if/when a buyer comes along, that they must deal with the aftermath of neglect?

Any input would be appreciated ^_^
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