Bankruptcy Leaves Many Homeowners and Investors Responsible for Empty Homes Pompano Beach FL Coral Springs FL Coconut Creek FL

If property owners, landlords and real estate investors believe they can file bankruptcy and leave their houses behind without a worry, they should think again. Bankruptcy will not let property owners off the hook for maintenance and other real estate liability. Another client base for real estate servicing businesses, like foreclosure cleaning businesses and lawn care companies, is fast-becoming homeowners like these -- those who have surrendered their houses via bankruptcy, but who have not yet been foreclosed on by their finance companies. Read on to find out more. Consequences for Homeowners and Investors Walking Away after Bankruptcy What are the consequences when a homeowner or landlord walks away after filing bankruptcy? The consequences can be new debt owed in the form of county fines for property neglect, and worse, new liability in the form of law suits if someone gets hurt on the property. The municipalities issuing property violation fines will fine the property owner of record listed with their county office. And until a foreclosure gets the owner's name off the record, the bankruptcy filer will still be on the hook. What Good is Bankruptcy if the Landlord or Homebuyer Still Owns the House after Bankruptcy Discharge A bankruptcy and successful discharge simply means that homeowner is relieved of having to pay the mortgage debt. It does not excuse them from property upkeep, taxes, homeowners' association fees, and similar responsibilities, for the house in question. (For more information, see http://www.foreclosure-cleanup-blog.com/?p=7369.) When the lender, finance company or mortgage company forecloses on the property, the homebuyer will no longer own the home. Client Source for Foreclosure Cleaning Business Owners Another client source for real estate service companies similar to foreclosure cleanup business services and yard and lawn maintenance companies is homebuyers and landlords who have (1) gone through a successfully discharged bankruptcy, but (2) have not gone through a successful foreclosure. Once property owners realize they are still the liable parties, they often move back in and live for free until the lender foreclosures. Or, they rent out their homes to cover property maintenance costs and to prevent vandalism, crime and damage that often occur as a result of a home sitting empty. The homeowners and landlords often seek to hire home maintenance and foreclosure cleaning business services for lawn care, home repair, debris and hauling, and similar foreclosure cleanup duties, to get their homes back in shape for move-in or for the rental market. Written by Cassandra Black. Sell your empty house to me. Call 954 247 1353 or click here