Foreclosed Home Boarded Up With Man Still Inside!
The indignity of being foreclosed upon is hard enough, the City of Minneapolis magnified the problem by boarding the man up in his house.
Ted Poetsch lived in this house his whole life. He made a few mistakes and lost his home, an issue that has affected millions of other households. But for the city of Minneapolis to board him up in his own home is an indignity that should not be suffered by anyone.
Cane in hand, he lurched around, throwing a few things in bags, putting Kitty in the carrier. He heard the contractor outside starting to drill into the door frame.
Poetsch made his way down his narrow stairway, resigned to the end he had resisted for three years, through personal financial missteps, the false promise of a foreclosure “rescue” and a court victory that gave him short-lived hope.
He came to the door and realized that he was too late. A truck had driven away from the house, prompting those outside to think the tenants were gone. Poetsch had been boarded up inside his house.
City officials say Poetsch had ample warning that they were coming that day, but they say his brief incarceration was an unprecedented mistake. In many ways, Poetsch’s experience is emblematic of the forces that have fastened plywood over so much of the North Side and urban neighborhoods across America. via the Star Tribune.
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Comment by Investment Property Rumours on 9 June 2009:
Well you could say that is one way to guarantee a rental tenant!
Comment by Clinton, UT on 9 June 2009:
What? Who wouldn’t have the sense to look first? I’ve never heard of this before…
Comment by Jason Sandquist on 10 June 2009:
I love this story, I laughed so hard when first saw this the other day
Pingback by Daily Digest for 2009-06-09 | Joe Spake - Memphis Real Estate on 10 June 2009:
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Comment by RACHEL SALTMARSHALL on 10 June 2009:
IT JUST GOES TO SHOW YOU JUST HOW DESENSITIZED MANY HAVE BECOME TO OTHERS TIMES OF DESPAIR . AT THE DROP OF DIME WE TOO COULD BE THIS MAN TRYING TO HOLD ON. WHO LAUGHS AT SUCH A THING AS THIS ? WHY ?
Comment by Tony Sena on 10 June 2009:
I wonder how long he was stuck inside the home before he was finally let out?
Comment by Rental Management Company on 11 June 2009:
Management of property is very important to make a regular flow of income. So many property management companies are there in the market that does the entire task with dedication caring the property of landlords. These companies actually work as an intermediary between the landlords and tenants. They help the tenants in finding the property of their choice, ensuring the landlords about the optimum use of their properties for good flow of income.
Comment by Home on 29 June 2009:
What bothers me is that the contractor hired with the task of maintaining the foreclosed properties is so busy with boarding up what is obviously a large queue of homes that he couldn’t be bothered to check that there wasn’t any occupants. Dangerous as well.