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You know that big old McMansion that has been empty in town with a bit of acreage? The old Johnson House. Boy was there a shindig out there the other night. No one has lived there since the bank took it over but there must have been 500 cars there for the party that went all night. I wonder what that was all about.

Instead of scoffing at stories like this, it may be happening more than you think. With the plethora of empty houses across the country, young entrepreneurs are “borrowing” them for an evening and hosting massive parties with healthy cover charges.

And you the real estate agent may have given them access to the property. Here is an example out of the San Diego region.

In San Diego County, young people have taken over foreclosed houses for late-night rave parties, says Detective Jeff Lauhon of the San Diego County Sheriff’s Office. Lauhon says the culprits were well-organized in some instances: A young couple would get a realtor to give them a tour of a foreclosed house — usually in a rural area on a large property. The woman would distract the realtor while the man surreptitiously left a window open or door ajar. They would then return and invite others for parties that lasted until the wee hours.

“One main consideration they had was plenty of parking,” Lauhon says. “The people hosting called themselves a party crew. It turned into a business venture. They were charging admission, to cover the cost of alcohol and to make a good profit. It’s just another example of being an entrepreneur. They just chose to do it in a way that’s not lawful.” via USA Today

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1. One in Nine Homes Are Vacant in the United States
2. Could We See Shrink Wrapped Homes Waiting To Be Sold?
3. The Chicago Tea Party
4. Cheaper To Tear Down New Homes Than Sell Them
5. Grenade Found In Foreclosure House Near Athens, Georgia