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Wednesday, March 11, 2009

Delinquencies, foreclosures, and bankruptcies

The property management company that handles Kenthill Townhomes is Suhrco Residential Properties, LLC. Suhrco employs numerous property managers who manage properties throughout the Seattle through Auburn area. Each property manager is typically responsible for approximately 12 properties. Recently, the property manager for Kenthill Townhomes made a statement regarding the current financial crisis affecting our region. She said that she is currently spending an ever increasing amount of time managing and keeping current over five hundred delinquencies which cover all of the properties she is managing (only one of which is Kenthill Townhomes). A huge number of these are foreclosures and bankruptcies. She said it was quickly becoming a full time job, keeping up with each an every development, keeping in touch with the attorneys, and staying current on the status of each individual delinquent homeowners legal and financial status.