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An Open Letter to Distressed Home Owners

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Dear Mr. & Mrs. Distessed Home Owner:

You are no doubt facing a financial crisis. Your home is being foreclosed and you are angry. 

In your anger, don't make the situation worse.  When you bought your brand new home in Prince William County, it came with a stove, refrigerator and most likely, a microwave. 

When the bank gives you cash for keys, they expect the appliances that you received with the house to be left in the home.  Sure, the washer and dryer that you had to go out and buy are yours to take.  No one would expect you to leave those.

But when you take appliances that came with the home, YOU ARE STEALING.  The bank can file charges with the local authorities against you.  By the same token, when you vandalize your former home, the bank can also file charges against you for that.

Enough with the stealing appliances.  If it came with the house, leave it.  Selling those appliances is not the answer to your personal financial crisis.  And if it's a grudge move, you may be the one to be sorry.

 

Comments(16)

Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

That is one of the questions, I always ask before I go into one of these..."Are the appliances still there" I even had a house where the homeowners wrote all over the walls, and floors.......it's amazing..

Jul 19, 2008 10:24 AM
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Hi Chris, I've been through several distressed properties... and yes... they are stripped and trashed.  I've seen paneling with holes someone made with a sledge hammer, cabinet doors pulled partially off hinges, and kitchen drawers with no fronts.  I certainly appreciated reading your article. 

Also, thanks for your reply to my post on bank owned properties.  I enjoyed reading it and will certainly follow your advice.  I need to find someone like you in Ohio that teaches a course on short sales and learn more about the process.  I had one home where I got all the paperwork in placed, faxed them the release of information documents signed by my clients that permitted them to talk to me.. everything that I understood at the time to be necessary.  I called often and even found the name of my contact person, their phone number and direct extension, as well as their email.  Every effort I made to communicate with my "contact person" was in vain.  None of my calls were returned and none of my emails were responded to.  The listing eventually expired.  I spoke with my former client some time after (I like to make follow-up calls) and they told me the bank did speak to them and agreed to do a deed in lieu of foreclosure.

Bottom line... I need to learn more about short sales and am willing to take classes to learn all I can.

Jul 19, 2008 10:47 AM
Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

I agree that the items should be left in the home, if removed from the home before foreclosure they belonged to the owner at that time after it is stealing.      

Jul 19, 2008 11:00 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Chris Ann, it is amazing that we have to point out to adults what STEALING is, despite any emotional bad feelings. I think even kindergartners understand this. Unfortunately for a lot of distressed properties I have been into the destruction is more the rule than the exception.

Jul 19, 2008 12:22 PM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Chris Ann...

It's sad that people who would NEVER walk into a bank with a gun have no problem robbing the same bank when they think they won't be caught.

Jul 19, 2008 12:51 PM
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ

It's amazing that people re-define the term stealing to suit their own desires. Recently had a lady tell me to pound sand with our $2000 cash for keys offer and the turn around and say she was going to take the microwave.

Jul 19, 2008 01:04 PM
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

I hate a thief.

 I watched a grown man stealing and eating huge amounts of candy in the grocery last night. To top it off he then threw a bunch of it on the floor after he was full . I told him off. He seemed shocked.

Ifelt good about saying something though.

Jul 19, 2008 04:11 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Konnie:  The destruction in Northern VA REOs seems to have decreased to the point that I really don't notice it anymore.  The appliances though, that's what's really getting me lately.  UGH!!!

Jul 19, 2008 04:39 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Jon:  Do investigate a short sale class.  You'll really benefit from it since it will be the market for the foreseeable future.

Jul 19, 2008 04:40 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Andrew:  I have to disagree with the "before foreclosure" rule of thumb.  If it was something wrapped up the in the mortgage, and the mortage was not paid in full, it belongs to the bank.  If I stopped making my car payment, but took the steering wheel out right before I made my last payment because I used it everyday, it doesn't make it right.  Stealing is stealing. 

Jul 19, 2008 04:43 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Gary:  The line between right and wrong is definitely blurred these days.  I don't mean to be to be harsh, but I can't wait for these former homeowners to get what they deserve.  Allowing them to get away with this behavior just further erodes the ethical boundaries in our Country.

Jul 19, 2008 04:45 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Richard:  You are right on in your assessment.  The folks stealing these appliances would never think to rob a bank.  They wouldn't have the nuts to do it.  But under the cover of darkness, they'll take cash for keys and make out the door with the appliances.  Truly sad.

Jul 19, 2008 04:47 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Cameron:  The math on that one making sense to that lady might explain why she is in foreclosure.  Is there any microwave worth $2,000?  Taking a minute to do a quick financial assessment and she could have figured out that she would have been better off with your cash for keys offer. 

Jul 19, 2008 04:48 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Trey:  I don't think I would have had the nuts to say anything to a stranger in a store.  Good for you!  People have nerve.  I'm also seeing blatant disregard for traffic rules and regulations.  I've been passed in some dangerous situations lately.  Don't know why I thought of that...perhaps just the blatant disregard for right and wrong. 

Jul 19, 2008 04:50 PM
Virginia Tatseos
Stage-Show-Sell - Bloomfield Township, MI

When I was a buyers agent, I saw a home where the kitchen cabinets were removed and the light and plumbig fixtures.

What I fear is the children that are being affected.

What values will they have when they see what their parents are doing.

Jul 20, 2008 01:00 AM
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

I agree with Virginia, in many cases taking the appliances would be preferred to the other damage that can be done.  Missing cabinets, vanities, granite counter tops, wall to wall carpeting cut out, etc.  Though it sounds, weird, let them take the appliances, just leave the rest of the house intact.

Jul 20, 2008 02:26 AM