Neighbors want foreclosed home cleaned up
LYON COUNTY, Ky. — According to RealtyTrac, as the housing market's first quarter closed, repossessions dipped in February.
But that number masks regional differences. In fact, it shows foreclosures in 26 states have soared.
We also checked with a number of county clerks in our area who told us they don't know exactly how many foreclosures they have in their counties but all said the number is going up.
One of the counties we checked is Lyon County, where we found an example of what one foreclosure can do to a neighborhood.
A home on Chestnut Oaks road in Kuttawa, Kentucky, was foreclosed by Fredonia Valley Bank eight months ago. Since then, neighbors say the grass has turned into weeds, the inside is littered with trash and the garage is filling up with boxes and old couches.
Virgil Somers began complaining about it last year to the County Judge Executive Wade White.
"I received a call last year and went and talked with the bank," said Wade White. "I understood that they mowed it."
The problem persisted. The county attorney then notified the bank, telling them under the county nuisance ordinance, they have 30 days to clean up.
"Being a small community bank, the property may have been overlooked," said bank president Brent Bugg. "It's on the schedule to be cleaned up this next weekend."
Neighbor Virgil Somers said this has gone on too long.
"We've been waiting since August to get something done with it," said Somers. "It's just an eyesore. I mean, it needs to be gone."
Under the county nuisance ordinance, if the bank does not clean up the property in two weeks, they can face fines of up to $50 a day for every day the property is not maintained.