Health Risk By Abandoned Homes Rise With Crisis

by jwbanks | May 27, 2008 at 10:56 am | 143 views | 3 comments | 12 recommendations
Health Risk By Abandoned Homes Rise With Crisis

As a result of the current real estate foreclosure crisis many lenders have repossessed more homes that they could afford, and as a result many homes are abandoned and vacant. The average rate of vacancy in the US is now at 3 percent and the problem is not only affecting lenders but are affecting the health of thousands of neighborhoods across the country. Recent reports show that many vacant homes are presenting health risks including many abandoned green-pool that are a handy nest for mosquitoes.

Public health officials across the country are urging borrowers to drain swimming pools before surrendering to the banks. Another concerning problem is mouse infestations, and many vacant homes have reported the problem. Mouse infestations are considered one of the most troublesome and economically important pests in the United States, and with the rise of abandoned homes the risk of infestation is growing and it is becoming a concern in many areas.

[ Source ]

recommend Add a comment
amyjudd
  • super editor
amyjudd
flagged this story as Good Stuff

at 11:01 on May 27th, 2008

jwbanks, I like this story. I never thought about this side of it before.

0
ntendoman

BLAME IT ON THE HEDGE FUNDS

eastvanray
eastvanray
flagged this story as Good Stuff

at 12:53 on May 27th, 2008

jwbanks, I like this story. It's good stuff.


That could get nasty!  I think this whole sub-prime forclosures thing has not yet hit bottom.  As more and more properties will hit the market of fewer qualified  buyers seller could be in a rush to the bottom.  It looks like a potentially huge opportunity.  Are you involved in this industry at all jwbanks?

Add a comment

The content of this field is kept private and will not be shown publicly.

May 27, 2008 at 10:56 am by jwbanks, 143 views, 3 comments

closeSign in to NowPublic

is reporting from