OT: Foreclosure Garage sale….

[NotCranky]

Begs the question Marion, are they going to put the cabinets that they removed back if they actually remodeled? Anyway I could do some secret squirrel investigation into that, with archived MLS listings on the house. But really I wouldn’t touch it either way.Not worth any moral dilema. Logistically it probably is a hassle in most cases too. Probably just get new.

I am pretty sure if not those cabinets , some cabinets were there when the house was appraised and the loan docs. were signed.Are they going to put them back?

[recordsclerk]

There is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?

[recordsclerk]

There is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?

[recordsclerk]

There is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?

[recordsclerk]

There is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?

[recordsclerk]

There is no recourse for stripping a home before it gets forclosed on. So technically you are not stealing. I think it’s worse if you vandalize the property out of anger before you leave. Stealing something from a person or store for resale is wrong. I have many moral dilemmas with people stripping the property before they leave, but I’m not sure I would turn down a good deal as long as they didn’t illegally take the items. The banks made bad loans out of greed. The previous owner made easy money selling at/near the top of the the market. Who is the bad guy here? Is it the bank? Is it the previously owner? Is it the FB/seller? The loan officers/brokers took advantage of the market. The previously owner took advantage of the market. Now the FB is left holding the bag and is only taking what legally belongs to them. I’m not sure why there are so many bad feelings towards these FB’s. I’m going to take advantage of their misfortunes by buying a house at/near the bottom (hopefully), so should I have any moral conflicts for taking advantage of a bad situation?

[meadandale]

“Now the FB is left holding the bag and is only taking what legally belongs to them”

I have a few problems with this. First, you state several times that the FB is THE VICTIM. I disagree with this. Then you make the assumption that the FB legally OWNS all the ‘upgrades’ that they are taking back. If they can’t make the mortgage payment, what makes you think that did any of this remodeling with their own cash? It was likely borrowed money that they got via a HELOC, cash back at escrow or a refinance.

Edit: looks like the last sale on this house was in 2001 for $325k (per zillow). I’m now strongly convinced that our FB here did a couple of withdrawals from the house ATM and is now upside down in the house and decided to just walk.

I’m even more convinced now than I was before that these people are a couple of tools.

[meadandale]

“Now the FB is left holding the bag and is only taking what legally belongs to them”

I have a few problems with this. First, you state several times that the FB is THE VICTIM. I disagree with this. Then you make the assumption that the FB legally OWNS all the ‘upgrades’ that they are taking back. If they can’t make the mortgage payment, what makes you think that did any of this remodeling with their own cash? It was likely borrowed money that they got via a HELOC, cash back at escrow or a refinance.

Edit: looks like the last sale on this house was in 2001 for $325k (per zillow). I’m now strongly convinced that our FB here did a couple of withdrawals from the house ATM and is now upside down in the house and decided to just walk.

I’m even more convinced now than I was before that these people are a couple of tools.

[meadandale]

“Now the FB is left holding the bag and is only taking what legally belongs to them”

I have a few problems with this. First, you state several times that the FB is THE VICTIM. I disagree with this. Then you make the assumption that the FB legally OWNS all the ‘upgrades’ that they are taking back. If they can’t make the mortgage payment, what makes you think that did any of this remodeling with their own cash? It was likely borrowed money that they got via a HELOC, cash back at escrow or a refinance.

Edit: looks like the last sale on this house was in 2001 for $325k (per zillow). I’m now strongly convinced that our FB here did a couple of withdrawals from the house ATM and is now upside down in the house and decided to just walk.

I’m even more convinced now than I was before that these people are a couple of tools.

[meadandale]

“Now the FB is left holding the bag and is only taking what legally belongs to them”

I have a few problems with this. First, you state several times that the FB is THE VICTIM. I disagree with this. Then you make the assumption that the FB legally OWNS all the ‘upgrades’ that they are taking back. If they can’t make the mortgage payment, what makes you think that did any of this remodeling with their own cash? It was likely borrowed money that they got via a HELOC, cash back at escrow or a refinance.

Edit: looks like the last sale on this house was in 2001 for $325k (per zillow). I’m now strongly convinced that our FB here did a couple of withdrawals from the house ATM and is now upside down in the house and decided to just walk.

I’m even more convinced now than I was before that these people are a couple of tools.

[meadandale]

“Now the FB is left holding the bag and is only taking what legally belongs to them”

I have a few problems with this. First, you state several times that the FB is THE VICTIM. I disagree with this. Then you make the assumption that the FB legally OWNS all the ‘upgrades’ that they are taking back. If they can’t make the mortgage payment, what makes you think that did any of this remodeling with their own cash? It was likely borrowed money that they got via a HELOC, cash back at escrow or a refinance.

Edit: looks like the last sale on this house was in 2001 for $325k (per zillow). I’m now strongly convinced that our FB here did a couple of withdrawals from the house ATM and is now upside down in the house and decided to just walk.

I’m even more convinced now than I was before that these people are a couple of tools.

[recordsclerk]

So if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?

[recordsclerk]

So if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?

[recordsclerk]

So if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?

[recordsclerk]

So if the money came from a HELOC for the upgrades does it really matter. The home belongs to the owners until the bank(s) take it back. You can sell anything that is yours (except prostitution). Since we are talking about HELOC, what do you think they bought with the HELOC? Does everything that was purchased with the HELOC belong to the bank?

[Author]

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