| While I was out I was recalling a house that I did a walk through 3 years ago. It was a single family home under construction and going into foreclosure. Should we bail the poor guy out that is losing his dream? I say Hell no. Here’s why.
The house had walls and roof with exterior stone work unfinished. The inside was framed with some rough-in of plumbing and electrical. No drywall, no flooring, no finish work of any kind started. I was in with a contractor (not the one that started it) to see if it could be turned around for a potential investor to pick up and finish. The structure was crap. Steel support posts in the great room were out of plumb and had crap welds. The subfloors were soaked with pigeon droppings and would have to be ripped out because you could never get the smell out. The ceiling high fountain water feature in the foyer was roughed in and crap. (Did I mention this was a single family home?) Yeah, we had a Mike Holmes moment of tear it all down! Over a MILLION DOLLARS in leans and it was junk! One expensive pigeon coop. I don’t know what became of it.
I guess I should feel sorry for the poor lawyer that got taken by a crooked builder but I figured he could sue the builder to eternity.
Pardon me if I can’t support blindly bailing out everyone that is losing their home. |