This street’s got it rough.
Multiple foreclosures since sale at $340K in 2005. Once in 2006, and again in 2008 to some other poor sap. Deutsche Bank owns the house next door too.
Ever wonder where Waldo Street is? My advice is to steer clear of it. No bespeckled cap-wearing guys around here!
Formerly a corner store. 2008 Foreclosure, listed now for $145K
3 Linwood - West End
This house is in the Valley neighborhood which has been hit pretty hard. The house looks to have been bought by Homesale Inc. January for $62584 and then resold to another person at Homesale Inc. in March for 25K. Not really sure what that’s all about. I tried to look up info on Homesale Inc. and couldn’t find much. I guess they are now owned by JP Morgan after they were sold by Fremont Investments.
Hey, look at that. It’s a Deutsche Bank property. At least they’ve seemingly taken ownership of this one.
10 to 1 the inside is trashed.
Looks like yours for $21K. Foreclosure in late 2007.
Not quite sure on the exact address of this house since it has no number on it and I can’t find it on the Prov Plan records, Google says its 651 so we’ll go with that. This house has looked this sad since I can remember (5 years at least). I’m not really sure what the deal is, but I saw someone putting up more boards on the windows a few weeks ago. Anyone have any more info? Also not surprising to see this grafitti across the street, not hard to see where they got their inspiration.
Well isn’t that cute. On 3/11/09 80 Waverly St. in Providence, RI—located in the city’s west end neighborhood—was sold by Greenpoint Mortgage Funding (they’re in Georgia) to SB Holdings LLC (Tulsa, OK) for only $9250. It was then immediately listed for sale to the public at $40K.
SB Holdings LLC is a wonderful institution helping banks “dispose” of “unwanted” “assets” throughout all 50 American states.
Do you have code and zoning violations…tax foreclosures? At SB Holdings we work effectively with numerous major banks, servicers and outsourcers to help them dispose of problem assets. Whether the assets are aged, have negative equity, title issues, low value or a combination of these problems; we offer a disposal strategy that is both fast and economically feasible for all parties involved.
We are committed to full service buying of your excess or unwanted REO inventory. We can assume inventory fast and help your division meet months end qouta’s or end of quarter/year goals.
High sale in 2004 at $200K, foreclosure in 2006. Flopped, traded, dealt, flipped, packaged, and disposed of several more times between ’06 and ’09. If the paper trail is right, this is the second time Greenpoint Mortgage Funding has had its paws on this property since 2006.
Oh, and as of last week, 80 Waverly St. was just listed by the Rhode Island Department of Health as making the state’s worst-of-the-worst list for premises at the highest risk of lead poisoning. This makes it officially inhabitable for children under six. There are 30 homes on the state’s inhabitable list; 27 are in Providence, 26 of those are on the west side, 14 of those in the West End neighborhood (02907) just like 80 Waverly.
Wonder if fixing that lead problem is what SB Holdings LLC means by being the solution to foreclosed properties with code violations.
Yeah, they’ll probably fix that. Everything will work out just fine.
*Stump has seven more abandoned houses to post on just one block of Waverly St between Cranston and Dexter—we’re just getting started unfortunately.
Sold for a whopping $335K in 2005. Foreclosure in 2007.
Update 6/3/09
Back door wide open.
Hey, don’t scoff at the picture. That was a $360,000 house in 2005.
Three suggested foreclosures here since 1998. Most recent in 2007. And there’ might be another one still waiting to hit the books.
The tips to check out Hanover street, specifically the houses making up four corners of suck at 215, 217, 214 and 218 came in from Forgotten Providence’s cycling survey pal, Phil. After spending an hour on Hanover snapping photos, and another several looking back at paper-trail*, future historians—if they exist, will boldly proclaim the rise and collapse of the American housing market from 2004-2008 (and counting) as nothing short of criminal.
The damage is staggering. The theft is staggering. This photographer, just short of a hundred houses in, is staggered. I don’t know how much longer I can keep looking at the evidence.
The scrappers running in to bust down these houses after neighborhood kids bust ‘em open; I gotta side with ‘em. As a neighbor, if my only choices are white collar pillaging vs. precious metals pillaging, call me comradé and the guys pushing stolen shopping carts Robin Hood(s).
Heavens to Murgatroyd, people. The faux-inflation of our home prices in the last half of this decade was pure, adulterated, insanity. I could care less if the scrappers or hoppers tearing these houses apart are using them to get high. The mortgage brokers, lenders, property assessors, appraisers, title companies, bank managers, and real estate agents still driving Lexuses are the chaps needing to get locked up.
It will take someone far stronger than I to tackle that order. And I haven’t even yet gotten to my Waverly photos…
*e-paper trail, which in Providence doesn’t mean much
