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City of Orlando WWII Bombing Range Properties in Foreclosure - "Walk-Aways
Tuesday, 19 February 2008

Homeowners in the Lee Vista area of east Orange County (zip code 32829) are dealing with an unusual problem. Several unexploded WW II era bombs were discovered in their neighborhood. The area was utilized as a bombing range during WW II. As the following report by local TV station WFTV discusses, 40% of the properties in the immediate area are now in various levels of the foreclosure process.

Nearly Half Of Homes Near Old Orange County Bombing Range In Foreclosure 

Eyewitness News has learned nearly half the homes in the Lee Vista area of east Orange County are in foreclosure.
An estimated 40-percent of the homes built near the old Pine Castle bombing range are in foreclosure compared with 10-percent in a most Orange County neighborhoods. People in four subdivisions have seen their property values plummet since the U.S. Army Corps of Engineers started finding old bombs buried in the soil last July.
Dozens of homeowners are walking away from their properties and going into foreclosure.
"This is insane. We don't feel safe. We're shaking all the time," said Eileen Krupoderov, a resident. "What do we do? We hear helicopters overhead all the time. This is, like, what? This is ridiculous."
Orange County commissioners are teaming up with realtor Lydia Pisano for a foreclosure seminar for the affected neighborhoods.

To view the online report, along with links to prior stories on this subject, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH  and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees.  Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.