Curious How Hoarding Houses Affect Property Values?

The market in Maricopa County continues to have record lows, especially in highly desirable areas. Hoarding Houses, specifically those in highly desirable areas like Scottsdale are popular with investors who can pay cash and then flip the property.  Our friend Craig Mernitz has been helping families rehabilitate distressed properties known as “hoarding homes”. Craig has been a member of the Arizona Hoarding Task Force since 2010, and since then has assisted in getting more than 50 hoarding homes cleaned up and back on the market. According to the Arizona Hoarding Task Force there are hundreds of hoarding cases in just Scottsdale alone, with most cases involving senior citizens. Craig works with families and elder law attorneys and many others who look out for the well-being of the elderly, even visiting them when they move out and the home sells to be sure them that the property is being well cared for.

Learn more about real stories and specific examples by clicking on the links below:

Scottsdale Independent Newspaper

Phoenix Business Journal