The water lines & water disposal lines goes out the basement's laundry room through the basement back porch (that is not insulated nor heated), then up to the 1st & 2nd floor to feed the washer/dryer units.The Challenge:Due to Chicago's recent extreme winter conditions, this has caused the water line/water disposal line for the 1st & 2nd floor washer/dryer to freeze annually.

It then becomes an REO (bank owned property) and they will dispose of it months later either again through auction (oftentimes on auction.com) or by listing it with a broker local to the area.

And M2M is the kind of ultimate disposable thing.

The economy: higher interest rates on credit cards, car loans, and consumer loans are eating into disposable incomes.

Way short of the avg life of a disposal.  

Low and behold the tenants moved stuff back in and the management company disposed of everything.  

Tell them you’ll arrange for anything useful left behind to be donated and the rest disposed of and ask them if that’s ok.

LTV is the most important factor we look at, along with quality/desirability of the collateral (which will determine how easy it will be to dispose of in a down market).

There were roaches, debris behind the dryer which could be a fire hazard, and the sink had been unable to drain for a month because the tenant had put debris down the garbage disposal and didn't say anything about it until I asked if there were any concerns.

In the meantime: bag and wash/dry all fabrics on high heat, reduce clutter, vacuum thoroughly (and dispose of the bag immediately), and avoid moving items out of the house so they don’t spread.