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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: koan who wrote (282910)10/13/2010 10:31:30 AM
From: renovatorRead Replies (1) of 306849
 
They do know what happens to vacant buildings--that is why all the foreclosures have forced place insurance on them in the amount of the mortgage. My office has adjusted hundreds of claims for Theft-Vandalism-Water Damage at such in the NYC-tri-state area over the last couple of years. The shame of it is what perfectly good housing has been destroyed during this period. BTW--after a slowdown for many months, there has been a big increase in pipe thefts-often including the radiators! As many know, the scrap value for cast iron barely makes it worth hauling out of these, but it has been happening much more frequently lately.
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