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I have not seen that one yet.....Maricopa, Foreclosed Homes

I have not seen that one yet.....Maricopa, Foreclosed Homes

I visit many homes after Trustee Sale with interested Buyers and wonder at what I might find indoors when I put the key into the lock. The last foreclosed home I toured had exceeded my expectation and imagination. I have seen a lot properties with missing:

                                                                 

  1. Appliances such as stoves, built-in microwaves, dishwashers, etc.
  2. Flooring tiles, parts of carpet
  3. Kitchen Islands (ripped off from the middle of the kitchen)
  4. Cabinets and counter tops
  5. Light fixtures and ceiling fans, doors and hardware
  6. Toilets, bath tubs and sinks
  7. Furnaces and air conditioning units (A/C units are very popular)
  8. Landscaping- trees, shrubs, bushes, bricks
  9. ETC, ETC

When homeowners do leave their property, they do not always simply "walk away." Do they?

So, after a while I got used to it. Just warned my buyers what they can expect inside foreclosed properties.

What was done to home I went to recently in Maricopa, AZ  just shocked me.

The homeowner must have been so furious  and ready to take on the structure he lived in for at least  few years. Inside the house we discovered  purred CONCRETE into the toilet and bath drainage!!!! What a courage... to get the material and pay for it, invest a time and effort to prepare the mixture and fill in the drainage!  GOAL achieved! The foundation must be ripped off and the entire drain pipes replaced. House do not qualify as livable (at least not up to FHA standardsJ)

Homeowner was probably having a bad day.

                                               

    Some misguided home owners, angry at the bank for foreclosing, think it's somehow permissible   to turn the home into a total nightmare. It is ILLEGAL. Banks are most likely to pursue and prosecute homeowners who vandalize or strip their homes while in foreclosure.

But does it really happen? Personally, I have not heard of any legal action against homeowner who stripped or demolish his house while in foreclosure.

 

 

 

 

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I've seen that before from a tenant that did that and it cost the homeowner $40,000 to repair.

Nov 18, 2009 04:21 PM
Ralph Gorgoglione
Metro Life Homes - Palm Springs, CA
California and Hawaii Real Estate (310) 497-9407

OMG!!

That's the first time I've heard of that.

Geez, maybe we shouldn't be blogging about it so that other disgruntled homeowners get the same idea.

Senseless destruction never solves anything.

Nov 18, 2009 04:32 PM
Megan Izdebska & Hanna Manoufar Chandler, Scottsdale Real Estate Agent
United Brokers Group - Chandler, AZ
Double Commitment. Double Results.

Great idea Ralph. Let's get this stopped!

Megan

Nov 18, 2009 04:36 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My last closed escrow was on an REO where the carpets in several of the rooms had paint dumped on them and the shower stall had paint dumped down the drain and left to dry into an inch thick layer!

 

The perpetrator broke in the side garage door to gain entrance to the house after the bank had changed the locks on the doors.

The appraiser knocked $1,000 off the agreed upon price because to the damage.

So the perpetrator - most likely the former owner - really stuck it to the bank...no, not at all. He cost the bank a mere $1,000 and forced the new owner to put in new carpet, clear out the shower drain and replace the side door and frame.

Nov 18, 2009 04:36 PM
Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

I sell foreclosures, it amazes me why the owner would do the things they have done, they have not made a payment in 6 to 18 months, they bought the home and now its the banks fault that they are getting foreclosed. Do they even think or care what their criminal actions will do to the comps in the area.

 

Nov 29, 2009 03:24 AM