Karen Arbutine & Associates

Foreclosures On Fire!

Tue, May 13, 2008 at 1:37PM

Fears of recession along with nationwide housing foreclosures have pushed some homeowners to take drastic and illegal measures. Looking to cash in on thier insurance policy rather than face foreclosure some folks have committed arson to avoid losing their home.  "Desperate times cause good people to take desperate measures," said Joe Toscano of The International Association of Arson Investigators. Toscano said the desperation from the subprime lending debacle and difficult financial times may lead to more suspicious fires. The situation right now is like the perfect storm with financially challenged homeowners facing bankruptcy, another option is to think about selling the home back to the insurance company and that's arson for profit. Hopefully you are not in this situation however, before you consider lighting the match do the necessary due diligence to explore your options or you could end up being a primary suspect in a arson investigation.

Bookmark & Share

User Comments

Be the first to comment on this post below!

Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Client Appreciation | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 8/16/18)
Read Our Blog

- OR -

Advanced Search 

Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog

More Central Florida Real Estate