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Exploring the Chilling Effects of "Zombie Homes" in Real Estate

Vacant property
The Implications of Owning A Vacant "Zombie" House

Although the term may evoke images of the supernatural, "zombie homes" are an all-too-real nightmare for homeowners. When a property remains abandoned and vacant for a prolonged period, it can result in a range of issues, from legal complications and fines to potential property foreclosure. In this blog post, we'll examine the eerie consequences of leaving a home unoccupied and provide tips for homeowners to protect themselves from this haunting scenario.

What Are Zombie Homes?

Contrary to the undead creatures that stalk our nightmares, zombie homes are a tangible, albeit unsettling, presence in the real estate landscape. They are properties that have been abandoned and left vacant for a substantial period. The reasons behind their abandonment often include financial distress, foreclosure, or sheer negligence. Over time, As these homes deteriorate, they can become eerie shells of their former selves, resembling something out of a zombie apocalypse movie.

Legal Implications: Fines, Forfeiture, and More

Leaving a house vacant is not just a matter of locking the door and walking away. There are severe legal implications that homeowners need to be aware of:

1. Fines and Penalties: A vacant property that falls into disrepair or violates local codes can lead to fines and penalties. Homeowners may be held responsible for the condition of their empty homes and the problems they may cause in the neighborhood.

2. Forfeiture of Property: In some cases, when homeowners fail to maintain or address the issues of their vacant properties, they risk losing them to the bank or government. This can result in the complete loss of their investment.

3. Insurance Pitfalls: Most home insurance policies won't cover a property if it's left vacant for an extended period, typically around 30 days. This exclusion extends to theft, damage, or other problems that may occur during vacancy. In essence, you could be left without protection just when you need it most.

Zombie homes may be an eerie concept, but they are a very real problem for homeowners. Leaving a house vacant can have serious legal, financial, and safety consequences. To avoid falling victim to this horror story, homeowners must take proactive steps to secure their properties and maintain them even when they're not around. By doing so, they can ensure their homes remain a place of comfort and security, rather than a haunting nightmare.

At 12 Gates Property Services, we serve as your eyes and ears, diligently working on your behalf to protect and preserve your vacant or unoccupied property. With our expertise, you can have peace of mind knowing your investment is in capable hands. Don't leave your property's security to chance; let us be your trusted partner in safeguarding your valuable asset.

For personalized consultation and more information, Book a Strategy Call

12 Gates Property Services - Your Experts in Vacant Property Management


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