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Owner Strips Foreclosed Home: Blames Bank for Loan
The Hippo's A** ^ | September 24, 2009 | Portnoy

Posted on 09/24/2009 6:45:15 AM PDT by Portnoy

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To: MIchaelTArchangel

Good point.


21 posted on 09/24/2009 7:00:35 AM PDT by Portnoy (Visit me at www.thehipposass.com or follow me on Twitter @thehipposass)
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To: christianhomeschoolmommaof3
Did you realize that virtually all the bank loan offices who approved these loans have lost their jobs and aren't coming back. The folks doing the foreclosure are an entirely different crew, and probably work for a different bank.
22 posted on 09/24/2009 7:02:18 AM PDT by muawiyah
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To: Texican72

Funny movie from a while back - “Moving” with Richard Pryor, Dana Carvey about a family moving to Boise, ID from NJ.


23 posted on 09/24/2009 7:02:44 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: Portnoy
This is one reason why foreclosure homes are attractively priced, but when buyers see the condition of the foreclosure, they wind up buying a higher priced home that wasn't foreclosed. At least in my area.
24 posted on 09/24/2009 7:02:45 AM PDT by passionfruit (When illegals become legal, even they won't do the work Americans won't do)
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To: MIchaelTArchangel

No doubt this thugess also lived in the house for perhaps up to a year after stopping payments. Mooch and a thief.


25 posted on 09/24/2009 7:02:49 AM PDT by PilotDave (America; nice while it lasted... I miss it already.)
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To: envisio

got a friend doing the same thing, shortly after he started he saw how much stuff people were leaving and started selling the stuff on ebay.
he now has a second hand store selling all the stuff his company has hauled out of houses.


26 posted on 09/24/2009 7:02:59 AM PDT by absolootezer0 (divorced, tattooed, pierced, harley hatin', meghan mccain luvin', smoker and pit bull owner.. what?)
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To: dalereed
Come and get me squatter!

You can't have stuff that's not yours!

27 posted on 09/24/2009 7:03:01 AM PDT by muawiyah
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To: Portnoy

“latest “trend”: people in foreclosed homes are stripping them bare “

Not new, but of course to the lamestream media it is. They never have any full story when it happens and then they get it wrong.

ALL of the homes we looked at this year to buy were stripped. All. We looked at over 50 homes. Not one wasn’t missing appliances, cabinets, even the toilets in some cases. Million dollar homes stripped by either the owner or thieves.

I needed an appliance part and went to Appliance Factory Outlet on Sante Fe drive in Denver. Backed up to their loading docks were Mexicans and yuppies alike selling what was no doubt their ill gotten gains. I was approached to buy appliances at ten to thirty cents on the dollar.


28 posted on 09/24/2009 7:04:35 AM PDT by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
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To: al_c

“supergluing lightbulbs into the sockets”

That happened to the house we are in right now. The previous owner was foreclosed on.


29 posted on 09/24/2009 7:05:42 AM PDT by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
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To: Portnoy
Foreclosed Homeowner: Well, It’s their tough luck. They (the bank) are the ones who gave me a loan that was really ridiculous in the first place, so they are stuck with it.

She is exactly correct. However, liberal socialists in power pretty much forced the banks to do this under "minority homeownship" laws and anti-red lining laws. Expect banks to never lend money to the likes like you anymore in the future. And no complaining about it.

30 posted on 09/24/2009 7:06:28 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: envisio
There's a house about a block away that was foreclosed on over a year ago. After numerous false starts it was finally sold to a new owner. He's brought in such a firm and so far he's into his second commercial dumpster load of wallboard, flooring, "fixtures", etc.

I thought it interesting that he removed ALL the appliances, even some barely a year old, and hauled them away.

Not asking yet (that will come later) but I think he must have hit some mold.

He'd been far ahead in this game if the last owner had gutted the house as he left.

31 posted on 09/24/2009 7:07:08 AM PDT by muawiyah
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To: Portnoy

stupid is as stupid does.

by stripping out the fixtures, these people are reducing the value of the house and increasing the debt they will STILL OWE after the bank sells the property.


32 posted on 09/24/2009 7:07:24 AM PDT by lack-of-trust
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To: proxy_user

I bought a brand new house and the appliances were part of a package.

New fridge. washer dryer, all major appliances were part of the package. I took all this stuff when I bought my current house. I took everything that I could unplug. I did not take things that were permenantly wired in. (dishwasher, oven)


33 posted on 09/24/2009 7:07:46 AM PDT by envisio (Wanna understand all the problems with this country? Google "Kanye West".)
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To: envisio

I got a neighbor that does the same thing. However, you friend needs to change the name of his service to get with the 21st century, it is now called “home remediation services”!!!!

You ought to see all the crap he puts into garage sales, stuff left behind by those evicted. Everything from tools to appliances. The banks do not care and have told him so, they just want the property presentable.


34 posted on 09/24/2009 7:09:12 AM PDT by biff
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To: muawiyah

If it was in the house when you bought it and it helped to establish the price you paid then it is a fixture and part of the house.

There is wiggle room on the Frig, Washer & Dryer.


35 posted on 09/24/2009 7:10:14 AM PDT by PeteB570 (NRA - Life member and Black Rifle owner)
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To: B.Lyle

****extreme individualism****

So now you are labeling theft and destruction of property “extreme individualism”?

Sounds like a commie catch phrase.


36 posted on 09/24/2009 7:10:59 AM PDT by ResponseAbility (Bureaucratic healthcare is bad medicine.)
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To: muawiyah

Just because it’s legal doesn’t mean it’s moral. I agree with the other posters. Jerks like this probably wouldn’t be in the home in the first place without taxpayers backing the loan. Don’t worry, if the bank goes bankrupt due to all the bad loans and destruction to the homes, we’ll get to bail them out, too. Of course, the bank might also survive with a smaller cut for investors, but who cares about them, right?

This sort of stuff is way beyond ridiculous, and I’m tired of footing the bill. So long as these losers have the right to reach into our pockets to pay for their misdeeds, we’ll continue a downward slide!


37 posted on 09/24/2009 7:13:03 AM PDT by CitizenUSA
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To: muawiyah

In the short two years of my current mortgage it has been “sold” or otherwise aquired by a different company three times.


38 posted on 09/24/2009 7:13:14 AM PDT by envisio (Wanna understand all the problems with this country? Google "Kanye West".)
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To: Portnoy

BANKS MUST STOP MAKING LOANS TO DEADBEATS.


39 posted on 09/24/2009 7:14:55 AM PDT by GOPJ (When I hear "New York Times"-fair or not -what I hear is "New York Times Whore House"...)
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To: Portnoy

Being poor does not excuse lawlessness (unless you’re a socialist).


40 posted on 09/24/2009 7:15:00 AM PDT by BuffaloJack (Obama, you stop lying; we'll stop callin' you a LIAR.)
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