Tuesday, December 30, 2008

"They're losing a lot on their investments"

Posted Dec 29, 2008 @ 10:57 PM

Winter weather is causing a soggy new headache for towns and cities working to keep foreclosed homes from becoming safety hazards: water pipes that freeze and burst in empty houses.

In Franklin, burst pipes damaged two foreclosed condominiums in the Forge Hill area, Building Commissioner David Roche said.

"This house had about six inches of water in the basement," Roche said. "Unless you get that stuff out of there - the wet sheet rock, the wet rugs and everything - mold will start growing."

Municipal officials say when these problems spring up, they usually happen in homes partway through the foreclosure process, or taken over by far-away or financially troubled mortgage companies.

The residents have left, and power and heat are shut off. But the water is still on, and pipes and water heaters have not been drained. They freeze when temperatures drop, sometimes bursting the pipes as the ice expands, and the water flows out freely when they thaw.

Read the full article in the Milford Daily News here

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