Thursday, April 29, 2010

Whose Sidewalk Is It Anyway?

The City of Los Angeles would like to pass the burden of repair of sidewalks in front of a residence to the homeowner. The City's fiscal crisis is now a personal crisis for each homeowner. As we all try to cope with thedecreasing value to our homes and the inability to refinance our current loans, the City of Los Angeles would like us to add this possible expense to our list of bills we currently cannot afford.

A sidewalk repair can be quite costly, and if a homeowner who is losing their home to foreclosure, short sale or bankruptcy would be in absolutely no position to pay for a repair to their sidewalk! Additionally, if the City gets their way and the homeowner does not repair the sidewalk, a lien can be placed on the property which would create a problem for the sale of the property to the new buyer and current seller and could possibly prevent the sale from closing.

The City of Los Angeles is looking for ways to cut their liability, expenses and overall responsibility to the citizens of our great city. It is up to each homeowner to begin to get involved and see how to get their voices heard.
At least a resolution can be made to ensure that the City participates in a repair if they are making it necessary for the homeowner to make the repair in the first place.

When do homeowners get their bailout?

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