From the April issue: Christopher Burdzy had walked his clients through almost all of a bank-owned single-family home in Staten Island when they decided to peek inside the basement garage. “This is a bad house! Do not buy it!” read black spray paint on the walls. “That was kind of spooky,” recalled Burdzy, a broker with Staten Island-based Leader Properties, though he wasn’t shocked. Borrowers facing foreclosure will often go to great lengths to prevent new buyers from snatching up their homes, in the hopes that they can buy them back once they hit the market at a discounted price, he said, and he suspects that’s what happened there. [more]
