Hey! Where did the appliances go?

Have you been out touring a REO property and noticed that the one or more of the appliances are MISSING? At first, I thought it was nothing.... but as I go to these houses I see more and more that the appliances are all missing.

I have a listing right now that when I "inherited" the listing and did my first view of it... I thought this was way too much! The stove top, the oven, the dishwasher and the microwave were all GONE!  Then as I opened the garage door, the hot water heater and the furnace were both gone.  Luckily the unit on top of the house was in tack.

I just though that the owner took as much as they could out of anger for being foreclosed on ....and then I started to wonder just how hard it would be to sell this property - would it pass the FHA inspecion for financing.  A neighbor recently told me that the previous owner had several garage sales and was selling anything they could remove from the house.

Now that I am having more buyers calling me.... I am doing more tours of available bank owned listings and it seem 8 out of 10 are missing at least 1 appliance - at least in Stockton that is the case.

When you think about it. These people are being kicked out of their homes and some were either in the process of upgrading their homes and spending money on the appliances that they are now taking with them.  Isn't it kind of like taking the curtains or blinds?  And really why should they worry about the bank having to purchase replacement appliances.... or the new buyer having to buy "as is" and get their own appliances? I mean after all.... the homeowner is the true loser here.

Are you finding this to be true in your area or is it isolated to the Stockton area?

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