Comments on: Foreclosed Pets

By: chuck

chuck — Sun, 17 Aug 2008 23:47:09 +0000

http://retailtrafficmag.com/mag/retail_popup_shop

Cheryl I found this in Retailtrafficmag. In the body,CBL President Leibovitz has been bragging of “cultivating” all mall envoriemtns but it does contain criticism of REITS forking out money instead of lowering rent costs.

By: Alan

Alan — Sat, 16 Aug 2008 13:45:26 +0000

I get angry when someone loses their house and they abandon their pets and leave them to die when they move but don’t take them. We need to put better laws in place to make people resonsible for their pets. Like if they abandon their pets on forclosed property the owners should face heavy fines and jail time. If they bring a pet to a shelter then we will not see this with abandon pets. I am so tired of the poor excuses that people give like I moved into a new apartment and I can not take the pet with me after years of having it. this is where you have to call the shelters they will take the pets and give them a good home. I have a cat who I love so much and will not move into any place without him. I will live in a box homeless if I can not take him with me at least my cat would be with me. Pets should not suffer because people make stupid decision about loans for houses they know they should not have bought. They are jsut want to be yuppies!

By: chuck

chuck — Fri, 15 Aug 2008 13:46:05 +0000

Cheryl I did some research into the REAL ESTATE INVESTMENT TRUSTS who are mall owners rather landlords of the retail tenants. These questions passed through my mind yesterday.
How much costs have RIETS absorbed from closings of a retailer?
How does this affect thier bottom line?
When does a REIT charge high rent? Example: Pemberton Mall,Vickbsutg,Ms. High rent and leases killed a majority of businesses in the mall.
Does a vacant space in a mall owenr’d ptoprty which is vacant for a long peirds of time how does it affect debt? Or does it contribute to debt?
Have REITS overbuilt in thier markets?
With REITS in heavy debt does this tremendously effect the way they do business or scare away business becouse of rent costs in one or more markets?
Why doe some REITS like CBL for example leave communities like Vicksburg Ms and Winston Salem,NC leave them hanging on the statuses of the thier mall properties?
Are these REITS feeling the heat from subprime mortgage? Is their commercial properties deeply affected by the real estate downturn in thier reigional marketplaces?
Are shopping box malls gradually becoming a thing of the past? What does the future hold for the older malls?
Points to ponder.

By: chuck

chuck — Thu, 14 Aug 2008 15:02:11 +0000

Cheryl Wall Street Journal reporter Kris Hudson wrote a wonder article called “Too many many malls,too few tenants.” I found hia article online via a Google search. His article points out the real problems that Real Estate Investment Trusts now face with less retailers in thier mall spaces. It was a real interesting read I might add. So check out this article.

By: Greedom

Greedom — Wed, 13 Aug 2008 19:02:42 +0000

Those pets should never have signed into those mortgages.

By: chuck

chuck — Wed, 13 Aug 2008 16:09:50 +0000

Cheryl I made a remarkable discovery. U,Liz McDonald,Neil and ALexis may find this news worthy. On an Investment trust magazine website which I found in Topix news forum. U see I did a search on CBL Associates Inc of Chattanooga,Tn. CBL is a Real Estate Investment Trust which owns alot of shopping mall properties and that includes the Pemberton Mall here in Vicksburg Ms.
The article which had been written by a REIT firm our of Colorado has uncovered something significant. CBL Assococitates and other mall RIETS are in heavy debt. Which can be calucated into vacant mall spaces Pemberton Mall has a lot rental space and CBL has unsold properties around the mall. But CBL and others are riding in heavy debt. And this debt is coming to pass next year. Now I know those of you who love to cover retail business in the malls,why not examine the Real Estate Investment trusts and see how they’ve been affected by the real estate market forcs: credit crunch,subprime mortgage and how heavy debt. Question is will these Real Estate Investment Trusts survive? But since they rent out mall space and now vacancies are poppiing up. One more thing about CBL any store tenant they rent–at high lease and rent-they get the stores profits.
Are REITS in trouble down the road?

By: chuck

chuck — Fri, 08 Aug 2008 18:09:06 +0000

Since the real estate downturn followed by the subprime mortgage Foreclosed Pets has been honesetly an under reported story. Ever wonder why the network Animal Planet hasn’t done a special on this becouese it does affect animals. When I first heard about this one on Fox News,especially the some of the stories of the owners who left left on thier foreclosed homes,in some cases not even taking thier personnal belongings, but the family pet? Frankly I was shocked by the story. But the owners leaving their cats and dogs in thier foreclosed homes is a real shock. I think of the bonds between dog,cat and human. Especially with kids involved. Yet,the story on the pets being left behind showed the dire straits that some homeowners have fallen into.
Personally I would never leave my cat and dog behind.
But when I heard these stories about the homeowners. I was in disbeleif.
Now why isn’t Animal Planet exploring this issue? have u ask yourself that from time to time? it would get the public attention for sure.

By: Jeffery

Jeffery — Thu, 07 Aug 2008 19:18:10 +0000

I saw it, i watch your show all the time Cheryl. I had a chubby cat that passed away, but I can’t find in my heart to replace him. I hate the idea of people having to abandoned their animals

By: Dave Swiderski - Penn State University

Dave Swiderski - Penn State University — Thu, 07 Aug 2008 18:03:42 +0000

It’s bad enough when people walk out of a mortgage contract and leave their house vacant because their home value has dropped below what they owe, but to leave the family pet behind too is just sad sad sad……

By: Louanne

Louanne — Thu, 07 Aug 2008 16:09:35 +0000

I have worked in the foreclosure business and it is distressing how many animals have been left to die in abandoned homes. I urge anyone in danger of losing their home to contact “No Paws Left Behind”. This non-profit organization will help you locate a shelter or foster home to care for your pet.