Countrywide gets more time to fix up mold infested foreclosed home

By Patricia Wolff • of The Northwestern • September 30, 2009

A Winnebago County Circuit Court judge stayed an injunction Tuesday to stop a city’s raze order for a north side house the mortgage company took in foreclosure proceedings last year.

Countrywide Home Loans Inc. of Fort Worth, Texas sought the injunction, claiming it would be irreparably harmed if the city goes through with the razing the house, according to documents filed in court.

The stay gives Countrywide an additional 45 days to figure out what it will do to save the derelict house at 2203 Jefferson St. The 11-year-old single–story structure is filled with mold.

The two-bedroom house built in 1998 is assessed at $105,300. The previous owner bought the house for $103,700, in 2004. It fell into disrepair after the owner abandoned the house during foreclosure proceedings. Power to the house was shut off in the process, resulting in a flooded basement and damage throughout the house, according to information from the city building inspector’s office.

The stay is not the first extension of time Countrywide has received. The city issued the first raze order Jan. 6, and a second one on Feb. 5. Countrywide asked for and received a total of three 30-day extensions of the order. In exchange the city had asked to go along when Countrywide sent contractors into the home to determine whether it could be salvaged. To date Countrywide has not honored the request.

It is unclear why Countrywide needs the extra time. Reached Tuesday, Rob Piette, an attorney representing Countrywide, declined to comment, citing the “pending litigation.”

thenorthwestern.com

Note – Information on Riverstone Residential knowingly exposing tenants to extreme amounts of mold toxins at Toxic Mold Infested Jefferson Lakes Apartments in Baton Rouge, Louisiana.  katy

Toxic Mold Infested Jefferson Lakes Apartments managed by Riverstone Residential

Riverstone Residential Litigation

Mold Inspection Reports

Photos of Mold in Apartment

 
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