If you’ve seen or heard of the show Hoarders, you may have come across a house like this. A client purchased this West Sacramento property earlier in the week for nearly $20,000 and gave me permission to do a video before they do a complete remodel. This property can best be described as a “hoarder’s delight”. There is rubbish and junk everywhere throughout the house and it has some very obvious condition issues too.
As I mentioned in the video, it can be very challenging to get a loan on a hoarder property because of the health & safety and potential or actual condition issues. However, it is possible (If FHA, it would probably take an FHA 203K loan because a traditional FHA loan won’t work). I’d be curious to hear from anyone who has found success on either side if the equation, whether obtaining the loan or brokering the loan.
What do you think of a house like this? What types of potential health and safety and condition issues do houses with hoarding face? How does hoarding impact life and even real estate?