In a message dated 11/16/01 11:47:26 AM Central Standard Time, [EMAIL PROTECTED] writes:
<< Other issues: a few folks have suggested that the moratorium would affect currently occupied "problem" properties in that it would not demolish those quickly enough. I have trouble with that jump--that is, the oft-stated solution to a problem property (that is occupied) is to demo it. There are other alternatives, plus a moratorium now would not affect such occupied properties. In addition, we have to engage lenders in some of these discussions. Lenders have absolutely no interest in a building's occupancy once they foreclose--they would rather the building sit empty, shut off the water, etc., until it is sold. We need incentives for lenders to maintain the building as an occupied building after foreclosure and to work to get it sold quickly rather then letting it sit empty and possibly decline further. Gregory Luce North Phillips (but writing from outside of Boston, where the average one bedroom is about $1200) >> Rebuttal: Keith says, Lenders have absolutely EVERY interest in a building's occupancy after they foreclose. Why would a lender left holding the debt for a property a borrower ran from want "...the building ...(to)sit empty, ...(to)shut off the water, etc., until it is sold(?)"Water shut off and abandonment leads to board up, break in, arson, freeze damage, and many other perils that lead to condemnation, speedy depreciation of lenders collateral and possibly a vacant lot/total loss. I do presume this type of outcome more likely in North Phillips then Kenwood but I haven't seen to many abandoned sites in Kenwood lately. ALSO, says Mr. Luce, "...the oft stated solution to a problem property is to demo it. There are other alternatives..." Yes, indeed there are Mr. Luce, and we property OWNERS wish to explore all of them to preserve our rights and our small business investments. Some of us may take a deep breath and clench our fists when we think of all the challenges we face to keep order in a building. We may face a criminally insane tenant or tenant guest, an uncaring or hostile CCP?SAFE office, a hostile council member or neighborhood group or "activist", bullying Legal Aid attorneys or small claims court judges who think the poorest person should prevail. And finally, some of us may face a crafty or conniving, tenant remedies group with a desire to take someone's building, equity, or cash-flow thru manipulation of the law, Minn.504 stat. or other legal manipulations. Such a group may be financed with NRP money, grants from foundations, pro bono legal services, and other monies to out gun a small businessman already under siege and under capitalized and unable to utilize his legal remedies Quick enough. At the end of the day, the disinvestment caused by these types of perdition may cause a further loss of affordable housing and a more unstable neighborhood. Keith Reitman, let's work together to solve problems, Near North _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
