Posts Tagged ‘home ownership’

6 Worst Things to Ever Happen to Homeowners

March 17th, 2011

Most people want to own a house. After all, that’s part of the American Dream. While most homeowners are ecstatic when they finally have a home to call their own, other homeowners aren’t so lucky. Here are the six worst things to ever happen to homeowners.

A Skeleton in the Closet

Photo source: snookerbacker.com

When you buy a new house, especially as foreclosure, you may find a few things the previous owner left behind like old furniture, paint cans, etc. But you certainly don’t expect to actually find the previous owner, dead and rotting away in your garage.
Yet that’s exactly what happened to a Florida man while inspecting his newly purchased home. According to ABC Action News, authorities believed it to be the dead body of the previous owner who had been missing since foreclosing on her home earlier that year.

Home Invasion

Photo source: nbc17.com

Everyone should feel safe in their own home. Unfortunately, this sense of safety can be gone in an instant as a man in Durham, N.C. experienced first-hand when he woke up to noises in his home last December.
Unable to reach his phone, he grabbed his firearm and set out to defend his property, as he later told NBC17.com. The ensuing standoff with the three intruders resulted in an exchange of fire that landed the criminals in the hospital and behind bars, while the brave homeowner lived on to defend his home another day.

Next-door Meth Lab

Photo source: stopmethinflorida.org

Most people buy a house in what they consider to be a safe neighborhood. But what happens when your apparently perfect neighbor turns out to be running a meth lab?

A quiet neighborhood in South Providence, Rhode Island became the epicenter of a drug investigation when a former Brown University student started to run a meth lab in his house. His neighbors noticed a foul stench and notified the authorities, who then shut down the illegal operation, according to WPRI.com.

While the investigation is ongoing, any potential home buyers will certainly stay clear of this area now, as it poses a serious health and safety risk.

Unwanted Baby Delivery


Photo source: sjecho.com.my

The postman may always ring twice, but the unwanted baby delivery service won?t even knock on your door once, as homeowner Juan Renevato in Dickinson, Texas found out last December, according to ABC13 News.

He found a shivering newborn on his doorstep at an outside temperature of below 40 and immediately called 911. Fortunately, the baby survived and is currently up for adoption. But the experience was traumatic for everyone involved.

Fecal Matters

Photo source: steel-pipes.highpointdesigns.com

While no one would take a dump in his own living room, it seems impossible to prevent the city from dumping all kinds of waste anywhere in your house, as evident in the recent sewage backup incidents reported in New Jersey.

One homeowner in Roselle Park, New Jersey had two feet of raw sewage spill into his basement, resulting in over $30,000 in damages and cleanup costs. The city of Roselle Park however, denied the insurance claim the man filed, citing the incident as an “Act of God.”

House of Snakes

Photo source: howstuffworks.com

While the most infamous story about snake infestation in a home has since been retracted by The Consumerist, snake infestations can and do happen in certain parts of the country. Nevertheless, stories about thousands of snakes invading a house at a time tend to be mere urban legends.

Conclusion

While bad stuff can happen to people anywhere, owning a home does not necessarily pose an inherent risk. Practicing due diligence is always the best way to avoid any worst-case scenarios.

Property Ownership and Divorce

July 22nd, 2008

Built to last
Creative Commons License photo credit: 96dpi

Purchasing property with a spouse is usually a wonderful moment for most families. You’ve finally found the home of your dreams and now you can begin your life together. But the more pragmatic sorts will wonder if there is something they need to do to protect themselves in the case of a future divorce. (more…)

Common Problems at Real Estate Closings

July 18th, 2008

Master bedroom
Creative Commons License photo credit: ctrigger

If you have ever bought or sold a real estate property then you know that this transaction is a situation akin to that old saying that “it ain’t over ’til the fat lady sings”. People who are new to the process may believe that the real estate purchase is basically complete when the negotiation has been completed and the closing date has been set. However, veterans of real estate sales know that there are a whole lot of things that can go wrong at real estate closings. Until the closing is over and the transfer of the property is officially complete, neither buyer nor seller should assume that the deal is certain to go through. (more…)

Avoiding Buyer’s Regret When Buying A Home

June 16th, 2008

I've Had a Few, But Then Again, Too Few To Mention
Creative Commons License photo credit: superfem

Buying a home is a really exciting experience. You’re realizing the American Dream. You’re choosing a place where you can make a life for yourself. You’re investing in something that could be good for your future. Unfortunately, a number of people go through this exciting experience only to end up disappointed with the choice that they have made in their home. They feel that they’ve paid more than they should, live in a neighborhood they don’t really like or picked a home design that doesn’t suit the needs of the family. Buyer’s regret is always a sad thing but it’s particularly sad when what you’re regretting is the purchase of something that’s so important in your life. (more…)

Plan in Place to Protect Minority Homeownership

April 6th, 2008


Creative Commons License credit: karlfrankowski

Owning a home is the basic foundation of achieving The American Dream. For minority cultures in America, homeownership has historically been a milestone revealing that they have made it here in this country. As a result, many cultural communities are concerned about the fact that the recent home foreclosures sweeping the nation have created a setback for the minority homeowner.

(more…)