What was the Property you were happiest to see gone?

[Colleen F.]

I am happy to say a 3 year saga of Flood, FEMA, and family has reached a conclusion. Our new jersey sandy house is gone!

It was an inherited two family. We collectively owned it (7 owners-too many) and a family member was renting it and doing the 2nd unit rehab (not such a good idea). The sibling whom we planned to sell it to took a long time to get a mortgage (contracts and time limits are important) and along comes sandy which floods it to well into the first floor unit (things happen) and we are in limbo. Fix the foundation but not really sold and it can't really be sold without a CO. No CO unless you complete the rehab but well what is the incentive to complete the rehab if you can just move to the second floor and they are talking about blue acres. So FEMA starts targeting areas and we are thankfully in an area they are looking at. We wait, we get our offer, finally something we all agree on. It is the state so it took a while but along with 60 other houses it is going and FEMA can get the army corp of engineers in to demo and reflood the swamp to buffer the turnpike.

So many times this property entered my mind when advising people of what not to do and it had many painful lessons, it is such a relief to be able to say it is done.

So what is your property you were happiest to see gone and why?