To the Editor:
The pictures tell the story.
A once proud house has now been demolished because of the inexplicable and inexcusable neglect by its most recent owners.
My wife and I bought the …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
|
To the Editor:
The pictures tell the story.
A once proud house has now been demolished because of the inexplicable and inexcusable neglect by its most recent owners.
My wife and I bought the house in 1991. Mr. Alan Pike, one of the founders of the now defunct Almac’s grocery stores, had made it his home for 40 long years. We sold the house in 2000 (the year the pictures were taken) to a family who soon decided to abandon and neglect the property. The results are there for all to see.
I am sharing this with you to illustrate the wasteful cost of neglect. A cost to the environment, a cost to future generations, and a cost to Warwick Neck through the loss of a once beautiful and gracious home.
Why is a more than valid question.
Ruud Bosman
Warwick
1 comment on this item Please log in to comment by clicking here
richardcorrente
Dear Mr. Bosman,
I can answer your question. In Rhode Island we have a law called M.E.R.S. Mortgage Electronic Registration System.
During the sub-prime boom and subsequent real estate crash few transactions (if any)were recorded properly. Buyers got their keys. Sellers got their check, and no one bothered to see if "anything" was recorded correctly. When the bubble burst and foreclosures skyrocketed these lenders went broke making the clearing of titles almost impossible and we are still paying for it today. I suspect that beautiful home was one of the thousands of R.I. properties that fell victim to the crash. Here is the good news. The rules of today are much more protective and going forward we should actually have clear titles.
Be well.
Richard Corrente
Thursday, September 24, 2015 Report this