Wrecking ball: City gets tough with vacant, damaged properties

Realty Check

By Erica Minchella

Erica Crohn Minchella, is the head of the boutique real estate firm of Minchella & Associates, Ltd., handling residential and commercial real estate transactions and litigation such as foreclosure defense, quiet title, and partition actions. erica@ecminchellalaw.com

Posted September 9, 2021 11:22 AM

The transactions I like handling the least are the investor deals. Not because of the fees, but because they are often five times the trouble than larger transactions.Case in point: I am now on the third contract for a $55,000 transaction for an owner who resides out of state. He has done nothing to keep up the property, has not paid taxes in three years, and has no interest in the transaction other than to get the property out of his name. The broker is working for about 5 cents an hour. Because of delays due to COVID, I …

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