There was a dramatic rise in home foreclosures during the sub prime mortgage crisis. America experienced a record number of vacant homes across the country.
about a shortage of homes for sale on the market in Sioux Falls. To make matters worse, we found out some of the homes that are vacant, can be touched.
"The problem you have is this back log, they don have time to look at all these mortgages, they don have time to go through that and report to them, this is vacant," Sawvell said.
He says the big banks sometimes don even know a house is Nike Zoom Air Flight 96 vacant.
Foreclosed Homes Create Frustration
Rick: Yeah, yeah there a back log.
homes will probably remain empty for awhile, which is frustrating to homeowners like Beman.
"One time the police were over there when some individuals were around looking at it, kids climbing on the trees and things in the backyard," Beman said.
Don: There such a back log that it slowing the process down?
But right now the house isn for sale.
Sawvell with Hegg Companies said.
Sawvell has 110 homes that have been foreclosed on that he trying to get back on the market. But he says because there are so many all across the country, it a long drawn out process.
SIOUX FALLS, SD On Thursday night, we told you Nike Metcon 1 Dark Grey Volt Black White
"I just feel like the neighborhood and everyone would be better served if the banks would work with investors and first time buyers and homeowners to get this turned over so someone was in it rather than let them sit a year or two devalue the house and neighborhood," Beman said.
That why vacant Nike Zoom Victory Elite
"These are all the ones I worked on," real estate broker Rick Nike Kyrie 3 Team Red/Total Crimson/White/Pink Blast
Sawvell says Sioux Falls isn as bad as some larger cities where they have entire blocks of foreclosed homes, which only adds to that backlog of paperwork.
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