The Problem

MaxPro Realty Partners, its employees, subsidiaries, affiliates, associates and partner companies recognize that their Single-Family and Multi-Family divisions are involved with many individual buyers that have never owned a home before, are possibly new to this country and may not even speak English.
The company, with its title experts and legal counsel, specialize in acquiring abandoned, tax-delinquent and/or mortgage defaulted properties that many times have code violations, harbor vagrants and are magnets for criminal activity. We refer to these abandon homes, as ‘Estate Properties’ and sometimes ‘problem properties’.

The Problem ...

We refer to these as “Estate Properties” and they are typically in this condition due to ‘many’ heirs of the deceased owners, including 2-4 generations due to possibly even the deaths of heirs - where many do not know each other or how to find and communicate with each other ( more reasons ). This creates an impossible environment to ever obtain a consensus to work together for the purpose of selling the property. Thus a prospective buyer can never obtain a title policy ensuring that 100% of owners sell together.

And because of this impossible issue to obtain 100% of heirs to work together to sell - then, the 1st or 2nd generation heirs see no possibility to ‘make money’ by selling the property. So, none of the heirs want to take responsibility for paying taxes or maintaining the property or even constantly securing it. Thus the property becomes unsightly, blighted, possibly boarded up by the city (over and over), and includes windows being broken out with glass on the ground, shingles falling off the roof and the City classified the property as ‘dangerous’. As the property grows very high weeds – rats and snakes find the property as a safe haven in the city. Vagrants, drug dealers and amazon fraudsters see this as a ‘welcome sign’ that they can use the property. So, the property begins to be a place for vagrancy, drug dealers, fights and other problems that regularly bring the police.

At this point the rightful owners that want to sell, have no desire to be involved – this problem now becomes the “neighbors’ problem” and a problem for the City, County, Police Department and Sheriff. The neighbors’ young children use the house as like club house or a place to play around or explore. Stepping on broken glass, rusty nails or falling through rotting wood floors or hit by falling shingles or more. Families having to warn their children to stay away from the ‘bad property’ as the property of ‘unknown ownership’ deteriorates their neighborhood. And further – the immediate neighbors on each side and across the street cannot sell their homes when they wish to for a normal market property price or possibly ‘not be able to sell at all’ because no one wants to buy a home to live next to or across the street from that ‘bad house’.

Further, the City must spend money securing the property and trying to keep the property front yard mowed (but this rarely is done) and write constant code violations on a property no one will take responsibility for. The County as collector of taxes for almost all is constantly trying to collect taxes. The local Sheriff & Police departments are called all the time to the ‘vagrant’ houses for dispute with vagrants and drug dealers and worse.

With 5,000 to 15,000 homes like these in the largest cities in Texas, this is a very large expense on the County & City

Why does the City not just tear it down ? Why does the County not just foreclose on the taxes and sell it at auction ? Both agencies do file lawsuits to address these issues. However with the serious number of them and growing every day – both the City on code violations and eventual demolition of the property and the County on delinquent taxes – they can only file suit on a limited number each year (usually more than 1,000 each) and court cases usually last 1-3 years or more. They cannot sue to solve the problem on all of them and the problem grows faster than it is solved as the city and county grow in number of homes and people.



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Email: Service@MaxProRealtyPartners.com

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