Neighbors concerned foreclosed home bringing down property values - WMC Action News 5 - Memphis, Tennessee

Reported by Jamel Major

Neighbors concerned foreclosed home bringing down property values

MEMPHIS, TN (WMC-TV) - Already an eyesore, homeowners in a Memphis neighborhood are concerned a foreclosed home will become a breeding ground for crime, and they are fighting to take back their neighborhood from home foreclosures.    

Neighbors said they take pride in the way their community looks, which is why they are doing everything they can to make sure overgrown weeds and grass do not take over their neighborhood.

Darnell Flowers said he has seen as many as six foreclosed properties in his Oakland Hills community. His concern is the growing grass in front of the home on Lochmoor Drive, and the eyesore it creates. He said it is a potential breeding ground for vandalism and crime.

"If a criminal comes through this neighborhood and sees it's rundown, they'll know it's easy pickings," Flowers said.

The grass measured 24 inches tall. Neighbors fear that is hurting their property values.

"You have communities where people are concerned, and the lack of effort on their part to make sure their property is maintained to a proper degree is really upsetting, especially when property values are always decreasing as a result of the current situation with the economy," concerned resident Daniel Watson said.

According to the Shelby County Tax Assessors Office, the property on Lochmoor Drive was once owned by a section of the Housing and Urban Development, but was sold to Louis Goebel of San Diego, California in May of this year.

City officials released a statement saying, "The owner is responsible for maintaining the property.  He will be given 7 to 10 days to respond to a certified letter concerning the property or be fined."


Click here to e-mail Jamel Major.

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