Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Report: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray
FOXNews ^ | 2/4/09

Posted on 02/04/2009 8:50:28 AM PST by LibWhacker

Some owners of foreclosed homes are stealing appliances and leaving the houses damaged and in disarray, MyFOXOrlando.com reported.

Realtors complain the trashed houses are harder to sell.

Homeowners upset at banks that are forcing them out have been hauling items from their houses and selling them, the station said. They're also damaging walls and floors.

(Excerpt) Read more at foxnews.com ...


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: appliances; foreclosed; foreclosures; homes; steal; trash; vandalism
Navigation: use the links below to view more comments.
first 1-5051-100101-111 next last
Twenty percent? Wow, that's a coincidence!
1 posted on 02/04/2009 8:50:29 AM PST by LibWhacker
[ Post Reply | Private Reply | View Replies]

To: LibWhacker

Don’t they own most of the appliances they are “stealing?”


2 posted on 02/04/2009 8:51:37 AM PST by NonValueAdded (Play the new "rehab" card: apologize for cheating on your taxes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

Gee, people who took out mortagages they could not afford are now stealing?

Color me surprised/sarc


3 posted on 02/04/2009 8:52:31 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

Why can they not be charged with vandalism?


4 posted on 02/04/2009 8:53:43 AM PST by Heartland Mom ("Government's first duty is to protect the people, not run their lives." - Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NonValueAdded

Not if it’s a stove, dishwasher, etc. Anything that is a permanent attachment to the house.


5 posted on 02/04/2009 8:54:08 AM PST by shadeaud (Time to smell the roses and not the stench coming from D.C.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NonValueAdded

So people are pissed off at the fact that they bought a home they couldn’t afford. Then are now asked to leave when they dont make the payments???

Unbelievable, people never cease to amaze me.


6 posted on 02/04/2009 8:54:11 AM PST by cups
[ Post Reply | Private Reply | To 2 | View Replies]

To: LibWhacker

Obviously people that should never have been given a loan in the first plac.


7 posted on 02/04/2009 8:54:29 AM PST by Dustbunny (Freedom prospers when religion is vibrant and the rule of law under God is acknowledged. The Gipper)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

We need a Foreclosure Guy. ..similar to the famous Looter-Guy?


8 posted on 02/04/2009 8:54:35 AM PST by TexasCajun
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

Sure do, I would say 20% is low. They take anything that is salable with them. Just doing the jobs Americans won’t do.


9 posted on 02/04/2009 8:54:46 AM PST by Tarpon (America's first principles, freedom, liberty, market economy and self-reliance will never fail.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NonValueAdded

>> Don’t they own most of the appliances they are “stealing?”

By definition, if they “steal” them they didn’t “own” them. ;-)

I don’t think they’re talking about refrigerators, microwaves and such.

I think they’re referring to dishwashers, range/oven, garbage disposer, and so forth that are built in and need to remain in the house.


10 posted on 02/04/2009 8:55:52 AM PST by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NonValueAdded

This is nothing new. People who lose their houses usually trash the place, steal the light fixtures and appliances. Often times they bought the houses with the appliances installed and so therefore the appliances, light fixtures, etc., were financed in the loan as they are considered part of the real estate. I’ve seen people tear out dry wall, bust windows, rip out toilets, leave food strung throughout. You name it.


11 posted on 02/04/2009 8:56:11 AM PST by jennyjenny
[ Post Reply | Private Reply | To 2 | View Replies]

To: Tarpon

>> They take anything that is salable with them.

When this sort of thing happened back in the ‘80s, they would dig up the trees and bushes out of the yard! Pure destructive spite.


12 posted on 02/04/2009 8:57:13 AM PST by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: NonValueAdded

No, that would be things like ovens, fixtures, etc. that they are absconding with that were built into the home and are actually owned by the mortgage holder until the home is paid off.


13 posted on 02/04/2009 8:57:13 AM PST by ConservativeMind (Who is now in charge of the "Office of the President-Elect"?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: LibWhacker

Just like the libs in the Clinton administration when they vacated the WH for GW.


14 posted on 02/04/2009 8:57:42 AM PST by lormand (...don't blame me, I never vote democRAT)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

15 posted on 02/04/2009 8:59:24 AM PST by Dallas59 (Not My President)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NonValueAdded

No, the bank owns them (and the kitchen sink)!


16 posted on 02/04/2009 8:59:43 AM PST by REPANDPROUDOFIT
[ Post Reply | Private Reply | To 2 | View Replies]

To: LibWhacker

I bought foreclosures in the last market downturn. I went into one house where they had removed all the copper pipes and the cabinets and had taken a chain saw and cut five-foot holes in all the wood floors.


17 posted on 02/04/2009 9:00:47 AM PST by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cups

Americans didn’t used to be this way.

This mentality was created by liberalism.


18 posted on 02/04/2009 9:00:57 AM PST by Retired Greyhound
[ Post Reply | Private Reply | To 6 | View Replies]

To: Heartland Mom

Because what they’re doing is not illegal.

As long as they own the home, they may wreck it to their heart’s content. However, once the forclosure clears and the bank owns the home, then this activity becomes vandalism.

The way to end this nonsense is for a bank to stop the foreclosure after the owner severely trashes the place. Then the owner gets to stay in the mess he created.


19 posted on 02/04/2009 9:01:31 AM PST by bobjam
[ Post Reply | Private Reply | To 4 | View Replies]

To: LibWhacker

Childs play. Put 100 pounds of ready mix cement down the main drain pipe. Now thats revenge!


20 posted on 02/04/2009 9:01:46 AM PST by edhawk
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

This is nothing unusual. A number of mortgage companies have partnered with non-profits to allow homeless people to stay in their foreclosed properties until they can sell them. Just wait until they see the damage left by the squatters once they try to kick them out.


21 posted on 02/04/2009 9:02:27 AM PST by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

Being in real estate, this is why I never ever broker repos....yes there are some deals but many are simply trashed properties....that require more repair dollars than the discounted price of the repo.


22 posted on 02/04/2009 9:02:45 AM PST by cbkaty (I may not always post...but I am always here......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tarpon

They have nothing to lose when the house loses value - the bank is the loser. Lots of people never invested a dime in the house - no money down on loans. They lived there for several months or longer, never making a payment and waited for the bank to force them out. What did they have to lose? They had a free place to live!


23 posted on 02/04/2009 9:03:42 AM PST by REPANDPROUDOFIT
[ Post Reply | Private Reply | To 9 | View Replies]

To: ConservativeMind

Well now how would this work. When I bought my house there was a piece of crap stove in it, I couldn’t even sell it on craigslist. I replaced it with a top of the line beautiful stove. If I move I swear the new stove comes with me!! I will put in another piece of crap. Obviously telling the buyers the stove comes with me. Does the mortgage company own my stove??


24 posted on 02/04/2009 9:04:11 AM PST by TriGirl (Lurking for 7 years!!!!!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: jennyjenny

Yes back in the 80’s I would meet the sheriff at these places and a locksmith. The former owners or renters, rip out all the wire too and in some instances, rig shotguns to go off when you open the door. I never saw so many frightened locksmiths in my life, lol


25 posted on 02/04/2009 9:04:14 AM PST by 1000 silverlings (Everything that deceives also enchants: Plato)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Heartland Mom

“Why can they not be charged with vandalism?”

Because they can say that they did the damage prior to the foreclosure. They are still the owner of record up and until the foreclosure paperwork is recorded.


26 posted on 02/04/2009 9:05:41 AM PST by Mashood
[ Post Reply | Private Reply | To 4 | View Replies]

To: Heartland Mom
"Why can they not be charged with vandalism?

You can't be prosecuted for damaging something you own. The bank doesn't own the home, they own the mortgage - with the home as collateral. The home doesn't become the property of the bank until the judge in the foreclosure proceeding says they are the owners. So, by law, the people can't be prosecuted for destroying their own property.

As an aside, this foreclosure mess is a untended consequence of deregulation. Back in the day, these banks would have been much more willing and able to send the mortgage through a loan work-out procedure. But, with the "securitization" of the mortgage business, there is no relationship between the home owner and the "paper holder".

We should go back to the days where the loan is originated locally and managed and owned locally. The result would probably be fewer mortgages, but they would be much, much more financially sound mortgages - only given to people that can afford them.

27 posted on 02/04/2009 9:06:02 AM PST by Big_Monkey
[ Post Reply | Private Reply | To 4 | View Replies]

To: Nervous Tick
Umm, I bought a stove and a dishwasher in my house. Don't I own them?
28 posted on 02/04/2009 9:07:16 AM PST by taxcontrol
[ Post Reply | Private Reply | To 10 | View Replies]

To: Retired Greyhound
Americans didn’t used to be this way

Bankruptcy and foreclosure are just another of the "old fashioned" taboos that have gone by the wayside.

29 posted on 02/04/2009 9:07:47 AM PST by REPANDPROUDOFIT
[ Post Reply | Private Reply | To 18 | View Replies]

To: NonValueAdded

I would think I own mine. I bought them at Best Buy last year.


30 posted on 02/04/2009 9:07:52 AM PST by kalee (01/20/13 The end of an error.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: jennyjenny

Yep...I used to clean out abandoned VA and HUD homes for realtors as a weekend job to earn extra money when I was raising my kids, this is absolutely nothing new.


31 posted on 02/04/2009 9:08:29 AM PST by ravingnutter
[ Post Reply | Private Reply | To 11 | View Replies]

To: NonValueAdded
Don’t they own most of the appliances they are “stealing?”

Moveable items like washers, dryers, refrigerators and freezers, yes. Attached items like ranges, dishwashers, light fixtures, thermostats, central AC units, garage door openers, no.

One house I just put into contract had all of the above removed, as well as a gas fireplace (left a big hole in the family room wall).

32 posted on 02/04/2009 9:09:04 AM PST by JimRed ("Hey, hey, Teddy K., how many girls did you drown today?" TERM LIMITS, NOW AND FOREVER!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TriGirl

Not if the mortgage company is paid in full with the sale.


33 posted on 02/04/2009 9:10:39 AM PST by jennyjenny
[ Post Reply | Private Reply | To 24 | View Replies]

To: LibWhacker
Well, just Duuuuhhhhhhhhhhhhhhhhhhh, YA THINK???

What did they expect...that these folks would have the house cleaned top to bottom for the bank to re-sell?

Sheeeeeesh!

34 posted on 02/04/2009 9:10:43 AM PST by Logic n' Reason (Welcome, one and all, to the islamo-muslim states of obammica!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Retired Greyhound

“Americans didn’t used to be this way.”

####

I don’t consider these Americans. Or even human.

Just savages. With an attitude.

Thanks, as you say, to the weak, coddling liberal mentality.


35 posted on 02/04/2009 9:10:45 AM PST by EyeGuy
[ Post Reply | Private Reply | To 18 | View Replies]

To: jennyjenny
Was in the market for another rental (the prices are attractive).

Virtually EVERY property shown (we were looking at foreclosures only) was damaged. Light fixtures, kitchen cabinets, any and all appliances ripped out of walls. It seems for the last 3-6 months the former occupants lived there, their level of frustration and hate was taken out on the banks via trashing the property.

There is a silver lining though. Most of the damage is cosmetic, and appliances are really cheap on craigs, (probably the same ones taken out, lol).

Figure the cost of renovation and appliances, double it, (for labor) and subtract from the already low price. Many banks agree on the offer rather quickly.

We got a pretty good deal on our purchase. PITI is less than the going rate for rentals in the area.

36 posted on 02/04/2009 9:11:07 AM PST by going hot (Happiness is a momma deuce)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Retired Greyhound

It’s not a bad thing to have nice things. I want to have nice things, but that doesn’t mean I can afford to have them! I live within my means and try to better my situation so I can AFFORD to have the things that I want. That’s the only thing I can do.

All because you “want” something doesn’t mean you are entitled to it.


37 posted on 02/04/2009 9:11:26 AM PST by cups
[ Post Reply | Private Reply | To 18 | View Replies]

To: edhawk

Still child’s play.We’ve had people here turn off the heat,open the windows and let the tub run over.Ice builds up until the floor collapses into the basement.


38 posted on 02/04/2009 9:12:34 AM PST by Farmer Dean (168 grains of instant conflict resolution)
[ Post Reply | Private Reply | To 20 | View Replies]

To: LibWhacker
I have a sister and brother-in-law in Southern California who went in search of foreclosed beach properties. They had a long list of homes—none of which were “giveaways.” She said it was amazing—not one house was intact. Toilets were ripped out, no appliances, vanities stripped—you get the picture—even windows removed. Some homes were being rented to what appeared to be illegals—a dozen people in a two bedroom place. She said it was an unbelievable experience.
39 posted on 02/04/2009 9:13:02 AM PST by fatfertile
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

Look at who these homes were being “sold” to. I guarantee they would have left a rented apartment in the same condition. They probably didn’t trash it when they left. Truth be known, that’s what they were living in.

I’m surprised they weren’t yanking out the plumbing and wiring to sell the copper.


40 posted on 02/04/2009 9:13:46 AM PST by henkster (When I was young I was told anyone could be President. Now I believe it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TriGirl

Technically, they own at least a level of interest in it that equals their prior stove. Of course, if you sell the home, or pay it off and keep it, then they own none of it, as you will have paid them in total.


41 posted on 02/04/2009 9:13:49 AM PST by ConservativeMind (Who is now in charge of the "Office of the President-Elect"?)
[ Post Reply | Private Reply | To 24 | View Replies]

To: LibWhacker
Realtors complain the trashed houses are harder to sell.

Well, gee whiz! Go figure. Whoda thunk?

42 posted on 02/04/2009 9:14:22 AM PST by meyer (We are all John Galt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: going hot

Our daughter and her husband just bought a house in NoVA. Almost everything they looked at had been trashed. In one house the water had been left on to flood the place and mold was everywhere. These were not cheap homes either.


43 posted on 02/04/2009 9:14:42 AM PST by kalee (01/20/13 The end of an error.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: LibWhacker

why shouldn’t they?

you should see how NOT helpful the banks are with their alleged work outs.

The new loan payments are often HIGHER than the original because they banks tack on the forclosure expenses and do not account for the inflated appraisal at the closing.

The banks should just allow “occupant short sales”.

IF the home is going to be shorted for 1/4 of its loan value, then just allow the current occupant to do a “new buy” at the REALISTIC value of the house.

The bank gets its write off, the owner/occupant gets their house they asked for (old chinese curse, may you get all you ask for)

The banks are being penny wise and pound foolish. Then again that is how the banks came to hold their hands out.


44 posted on 02/04/2009 9:14:46 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edhawk
Childs play. Put 100 pounds of ready mix cement down the main drain pipe. Now thats revenge!

As a landlord, that is one of my nightmares. I will not post the rest of them.

45 posted on 02/04/2009 9:15:23 AM PST by Dosa26
[ Post Reply | Private Reply | To 20 | View Replies]

To: cups

I am a contractor; one of my customers purchases reposessed homes. Probabaly 70% of the people purposely trash the homes on their way out. There are usually holes in every wall and oor in the home, they scratch countetops and tubs, we have been greeted with fesces on the walls, frozen pipes, writing on walls with blood..... such a nice class of people.


46 posted on 02/04/2009 9:15:32 AM PST by Billg64 (LOL ROFL Senator Mccain for what????)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Mashood

Why does it work that way, when car loans require the lender to have the title?


47 posted on 02/04/2009 9:16:31 AM PST by ConservativeMind (Who is now in charge of the "Office of the President-Elect"?)
[ Post Reply | Private Reply | To 26 | View Replies]

To: TriGirl
I replaced it with a top of the line beautiful stove.

That's a good point. We did the same thing. When we sell the house, the dishwasher, fridge and stove are either going with us or the new owner will have to pay for them.

48 posted on 02/04/2009 9:17:52 AM PST by LibWhacker
[ Post Reply | Private Reply | To 24 | View Replies]

To: LibWhacker

"Let them touch those things for once."

49 posted on 02/04/2009 9:19:41 AM PST by maggief
[ Post Reply | Private Reply | To 1 | View Replies]

To: TriGirl
If I move I swear the new stove comes with me!!

Make it known that you intend to keep the stove when you list your house, and most importantly, write it in the sales contract.

50 posted on 02/04/2009 9:20:02 AM PST by meyer (We are all John Galt)
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-111 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson