Vandalism and copper theft in vacant properties has become a huge problem for both residential and commercial real estate investors in recent years. But while you can’t completely stop such thieves from inflicting their misery, there are definitely some steps you can take to make them think twice
Detroit – Just Let it Burn!
April 26, 2012 by
Dozens of vacant homes in Detroit have been set ablaze in recent weeks by a spate of arson attacks. In a surprising response, firefighters in the city have controversially proposed to let the homes burn rather than trying to save them, in order to save money.
Squatters Causing Chaos in Tarrant County, Texas
December 7, 2011 by
Squatters are descending on Tarrant County, Texas, in their droves in order to take advantage of a unique loophole in Texan law that is allowing them to set up shop in some of the most luxurious and prestigious properties in the county, reports the Associated Press. So many squatters have moved into the county in […]
13 Percent of American Homes are Vacant, Says Census
March 28, 2011 by
The national vacancy rate now sits at 13 percent, according to the latest decennial census report. As the number of vacancies grow, the housing market continues to feel the effects, bringing down home values and final sale prices. A good portion of the vacancies are due to foreclosures, and certain states have been hit harder […]
