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REO Horror Story: Camp Foreclosure

Never underestimate the will of a homeowner in foreclosure — especially when she loves the great outdoors and owns a lot next to her distressed property.

Chris Pitaniello, marketing director for REMAX Alliance in Lone Tree, Colorado, says he will never forget when he pulled up to a distressed home and found the former resident living on a lot nearby. Chris says the woman may have lost her home, but she was more than willing to utilize a piece of land still in her name.
“She just moved out when we foreclosed and pitched a tent right next to the house,” remembers Chris. “Another day we went over there and noticed she had a couple of homeless people living in the tent with her.”
For two months, the resident survived by stealing water from her old house and cooking food on a grill. “It was pretty funny,” Chris remembers. “She even created a special parking lot for her car behind the tent.”
Chris says the home finally sold causing the camper to move on, but she still owns the lot next door.


Author: Kerri Panchuk Date: 02/22/2007

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