They took the whole house !?!?

Reblogger
Real Estate Agent with New England Real Estate Center Inc. CT005184

This really puts a new meaning of picking up roots. It goes to show you that people when faced with financial crisis will never lose their home lol

Original content by Jim Patton BRE #01423125

I am  sure we have seen bank owned homes with the fixtures removed, appliances gone, carpets torn up, etc.  I recently ran across a property where the owners really went to the extreme. 

I was asked to do an interior Brokers Price Opinion (BPO) by one of the major banks.  So I drove out to the property, a 2 acre ranchette out in the country.  There are mostly corn fields on both sides of the road.  I am watching the addresses on the mail boxes.  I know I am getting close then suddenly I am past it.  But I didn't see the house.  So I made a U-turn and looked again. 

I then realize that the empty lot that I had just passed is what I am looking for.  THEY HAD TAKEN THE WHOLE HOUSE!  At the back of the property is a detached garage in pretty rough shape and the well pump and tank.  But that is it except for dirt. 

I went back to my office and notified the bank of what I found.  They said to go ahead a do the valuation based on an empty lot.  So I pull up my comps, and start on the BPO.  I go to googlemaps.com to find my distances from the subject property to my comps.  As I put in the subject property address I click on the picture next to step one on the directions and there is a picture of the house.  It's up on blocks with the moving truck parked next to it getting ready to take it away!

I immediatly let the bank know what I have found, and sent them a link to the picture on Googlemaps.  So they tell me to hold off on the BPO.  After a couple of weeks they tell me to go ahead and finish it as a vacant lot.  I don't know if thats the last I will hear on that one.  Stay tuned.

At least they left the garage.

 

 

 

I guess these people didn't want to bother with removing appliances and taking out the fixtures and packing them up.  They figured it would be easier to just move the entire house.

 

 

 

 

I guess they didn't want the well.

 

 

If you are in the market for some property WITH or WITHOUT a house on it let me know.  See My Listings Here.  I am a Certified Distressed Property Expert (CDPE) serving Stanislaus, Merced, and San Joaquin Counties in Californias Great Central Valley.

Jim Patton - Realtor, Short Sale Specialist, CDPE

Century 21 M&M and Associates

DRE# 01423125

Ph. 209-633-2839

www.JPattonHomes.com

 

The author of this blog, Jim Patton, is a full time Realtor with Century 21 M&M and Associates.  Jim is a Central California Short Sale Specialist who lists and successfully sells short sales throughout Stanislaus, Merced and San Joaquin counties. Call Jim Patton at 209-633-2839.

The views expressed herein are Jim Patton's personal views and do not reflect the views of Century 21M&M and Associates

 

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Comments (3)

Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Now this is a new one for me. I have done bank bpo's where the house has burned down. Also everything thing in the house is gone including the carpeting but never the house. I guess they really liked it to go to the expense to have it moved. Too bad they didn't just pay the bank what they owed and stay there. I think it cost like $25,000 to move a house?

Jul 30, 2011 07:01 AM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Thanks for the reblog Don.  I still get asked about this every once in a while.  I haven't heard anything else from the bank since I submitted the BPO. 

Jul 30, 2011 07:03 AM
Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

Kristen, Gramma has been in that chair,in the same spot for ten yrs. What do we do? Move the house lol

Jim, TYour welcome sir, I thought I had heard just about everything but taking the home is deffinatly a step up.

Jul 30, 2011 08:00 AM