House trashed before the bank gets it.

[golfproz]

I have a puzzle: If the house was a trailer/mobile /manufactured home and the borrower moves away the house, what can the lender do?

Read the whole article. They talk about a guy in the last bust that did that exact thing. He disassembled the entire house right down to the slab and hauled it all away. Now that’s funny $#it, I don’t care who ya are, that’s funny.

Here’s the part…..

Travis remembers in the mid-1980s, he was sent to inspect an Orange County home. He couldn’t find it. He returned a few times with different maps. Upon close examination, he found a large slab on the ground surrounded by trees.

“I talked to the neighbors,” Travis said. “They said, slowly but surely, this guy had dismantled the house and taken it with him.”

They told him the man had carted away the pieces on a truck.

[golfproz]

I have a puzzle: If the house was a trailer/mobile /manufactured home and the borrower moves away the house, what can the lender do?

Read the whole article. They talk about a guy in the last bust that did that exact thing. He disassembled the entire house right down to the slab and hauled it all away. Now that’s funny $#it, I don’t care who ya are, that’s funny.

Here’s the part…..

Travis remembers in the mid-1980s, he was sent to inspect an Orange County home. He couldn’t find it. He returned a few times with different maps. Upon close examination, he found a large slab on the ground surrounded by trees.

“I talked to the neighbors,” Travis said. “They said, slowly but surely, this guy had dismantled the house and taken it with him.”

They told him the man had carted away the pieces on a truck.

[4Sbuyer2002]

This is exactly the type of “white(or brown or black) trash” dirt bags who had no business buying in the first place. Probably a neg am liar loan. Legally, they could be sued for damages separate from the real property, win the suit, enter a judgement and garnish their wages. The idots presume since they trashed it and are getting foreclosed on anyway they are immune from liability. What dumba$$es. Once this sort rif raf is wrung out of the market it will return to some sense of normalcy.

grateful owner . . . .

[4Sbuyer2002]

This is exactly the type of “white(or brown or black) trash” dirt bags who had no business buying in the first place. Probably a neg am liar loan. Legally, they could be sued for damages separate from the real property, win the suit, enter a judgement and garnish their wages. The idots presume since they trashed it and are getting foreclosed on anyway they are immune from liability. What dumba$$es. Once this sort rif raf is wrung out of the market it will return to some sense of normalcy.

grateful owner . . . .

[jimmyle]

these people should be in jail.

[jimmyle]

these people should be in jail.

[Bugs]

At the time the damage was done, who owned the property?

[Bugs]

At the time the damage was done, who owned the property?

[Coronita]

I'm surprised more idiots don't try to burn down the thing and make insurance claims. 

[Coronita]

I'm surprised more idiots don't try to burn down the thing and make insurance claims. 

[Author]

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