Owner Strips Foreclosed Home: Blames Bank for Loan

The Hippo's A** ^ | September 24, 2009 | Portnoy

[dalereed]

You’re sticking up for that criminal home squatter that was forclossed on!

Anyone that didn’t put down a minimum of 20% to purchase should be thrown out on the street!

[dawn53]

I’ve asked a couple lawyers...because it happens quite often around here.

It’s not illegal. Especially when it comes to things like appliances, or cabinets, etc. The home owner may have had those put in, and they are free to sell anything in the house until the bank takes possession.

[muawiyah]

There's wiggle room on everything. If necessary you just bring in a nasty old stove from the junkyard to replace the brand new electronic marvel you purchased prior to losing your job.

Even toilets! It's the service that's of interest to the market, not the can itself ~ you can get a serviceable can for $100 over at Home Depot.

If it's someting you plug in or wire in locally (not at the main) it's not a fixture.

[truthkeeper]

I’ve also heard of people pouring cement mix down the toilets/drains, supergluing lightbulbs into the sockets and other such shenanigans.

I used to see this all the time when I had my housecleaning business years ago. Other favorites include pouring cement into pool equipment and ripping toilets and sinks from the walls.

[ladyvet]

In some places it’s customary for the neighbors and friends to dig up the shrubbery. We bought our home several years ago. We were told the holes in the yard were from neighbors taking the shrubbery.

[muawiyah]

We had people around here who invested hundreds of thousands of dollars in thier homes ~ and lost all their equity.

So what would a 20% downpayment have done to change their circumstances in this market?

Get a grip ~ home prices dropped 40 to 50% in the Obama bust. That's enough loss to have well established people who had substantial equity just walking away from their homes if they lose their jobs.

[ResponseAbility]

****BANKS MUST STOP MAKING LOANS TO DEADBEATS.****

Tell Barney Frank that.

I agree with you by the way.

[Buckeye McFrog]

more involved than just selling scrap for a few bucks....full out rage against the Capitalist machine...they strip all the wiring, pour concrete in the plumbing, and in some cases set them on fire (gotta deny The Man his ill-gotten gains, ya know)

I know someone who knows someone whose cousin went to prison for doing this, which sadly seems to be the exception and not the rule.

[muawiyah]

Sometimes that house being foreclosed was a "flip job" that went upside down. You just caught them at the demolition phase.

Right now the market is such that used plumbing really doesn't get you anything.

[B.Lyle]

To me it sounds like you’re jumping at shadows and falling into a bunker mentality.

Don’t get caught up in PC like quibbling over magic words.

There’s nothing wrong with individualism, that’s why I added the ‘extreme’ bit. It’s the English language. Stealing things from the community is placing the interests of the self over the interests of the nation.

[ResponseAbility]

It sounds to my like you’re just making a bunch of crap up.

[muawiyah]

I love that picture. In my grandmother's neigborhood it was considered customary to relocate and take care of the plants a neighbor had tended when the neighbor died. People could tell you who used to own the plants in their own yards.

May sound bizarre, but no more so than simply placing a small quantity of ashes in a small stone cirlce in front of the homeplace, or burying grandpa under the front step, or maybe painting eyeballs on the eves of the roof.

Take a real good look at how many homes in your part of town have small round stone circles in the front yard. Sure, there's gonna' be a tree in there, but who else?

[christianhomeschoolmommaof3]

I did not know that.

[B.Lyle]

WTF? Are you drunk or a troll?

[Grut]

Yep, the stuck a gun to your head and forced you to act like a moron and sign without reading or understanding.

Nobody forced the bank to make the loan against good practice, either. There aren't any clean hands here.

[The Comedian]

BANKS MUST STOP MAKING LOANS TO DEADBEATS.

DEADBEATS NOW RUN THE FEDERAL GOVERNMENT

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[ResponseAbility]

LOL, whatever newbie.

[christianhomeschoolmommaof3]

She was white. Haven’t you heard that you can’t be racist against a white person. s/

[B.Lyle]

Drunk then.

[Arguendo]

Exactly. And let’s hope a bankruptcy judge never lets them discharge that debt if they’ve maliciously damaged the house before turning it over.

I’m sure they’ll enjoy having an extra $25,000 (or whatever the damage is) debt hanging over their heads for the rest of their lives, but actions have consequences.