A house, building, or vacant land with debris covering the structure, significant structural damage, boarded-up doors or windows is considered blighted property. Property that has been declared uninhabitable, hazardous, in an unacceptable or detrimental condition to its community is declared Blighted property. Blighted properties are also known as distressed properties.
A property can become blighted due to a lack of maintenance by absentee landlords or banks and mortgage companies foreclosing on a property but never taking ownership. In some cases, the property owner has died, and the family is unsure about the next steps to acquire the property, or financial issues prevent a loss of income for the property owner.
A lien is a debt placed on a property due to unpaid obligations. Common types of liens placed on real estate include mortgages, tax liens, property neglect liens, bonds, and collateral. Most liens can be resolved through payment or by contacting the lienholder. Liens can also be paid through real estate transactions when selling property, depending on the type of lien.
Facing a challenging property situation can be overwhelming. Don’t go through it alone. We offer free consultations to help you navigate blighted, lien-burdened, and auctioned properties. Our experts can assist you with:
Legal guidance: We support you with successions, probate, heirship, and wills to help you secure ownership of the property.
Education: Gain the knowledge and resources to break the cycle of blighted and distressed properties.
Comprehensive solutions: We help clients across Louisiana and Texas buy and sell real estate regardless of property type, condition or circumstance. Put us to work for you – contact us today.
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