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Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

talloulou

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A house off Lee Vista in southeast Orange County, Fla., for instance, is missing its air conditioner, countertops, all the appliances and even the kitchen sink, according to MyFOXOrlando.com. There are stains on the rug and walls marked with crayon and punctured with holes punched into them.


FOXNews.com - Report: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray - Local News | News Articles | National News | US News

This is sad. Some are obviously stripping the house to sell stuff for whatever cash they can get but some are just angrily destroying stuff bringing down the value of all the houses in their neighborhood as they leave theirs in shambles.

I though Obama was fixing it so homeowners weren't booted out?
 
Only in black neighborhoods.
 
FOXNews.com - Report: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray - Local News | News Articles | National News | US News

This is sad. Some are obviously stripping the house to sell stuff for whatever cash they can get but some are just angrily destroying stuff bringing down the value of all the houses in their neighborhood as they leave theirs in shambles.

I though Obama was fixing it so homeowners weren't booted out?


Is Obama responsible for other peoples actions? Esp. ones that he does not even know?
 
Is Obama responsible for other peoples actions? Esp. ones that he does not even know?

I'm not blaming him I just am asking a genuine question. He REPEATEDLY stated that he was going to work to keep folks in their houses. We gave banks a crap load of money and the government bought up a ton of **** mortgages. Wasn't that ALL to keep folks in their houses?
 
I'm not blaming him I just am asking a genuine question. He REPEATEDLY stated that he was going to work to keep folks in their houses. We gave banks a crap load of money and the government bought up a ton of **** mortgages. Wasn't that ALL to keep folks in their houses?

how long will it take to a president to really accomplish what he wants to do?

pssst, he's not actually the messiah.
 
I'm not blaming him I just am asking a genuine question. He REPEATEDLY stated that he was going to work to keep folks in their houses. We gave banks a crap load of money and the government bought up a ton of **** mortgages. Wasn't that ALL to keep folks in their houses?

Obama's plan has not been applied yet has it? The crap load of money came from the last administration. And I do think that crap load of money did prevent an even worse situation than we have now.
 
this is why Short Sales are so prevalent now
banks are agreeing to allow the owner to sell the house for less than they owe instead of going into foreclosure
 
how long will it take to a president to really accomplish what he wants to do?

pssst, he's not actually the messiah.

Well, actually it's not even just him. Congress bought up a bunch of **** mortgages prior to Obama taking office and this was on top of throwing assloads of money at banks all in the name of keeping folks in their houses during this difficult time. What I'm asking - Obama aside if you all prefer- is was this all b.s?

Are there, do you think, folks who are getting to stay in their houses despite falling behind or are foreclosures going through as they normally would had the government not bought any bad mortgages or given the banks monopoly money?

In my neighborhood there are lots of foreclosures. I've heard there's lots in California and apparently in Florida they're destroying their homes on the way out.

I just want some accountability for all the money we gave to banks. All those crap mortgages that are now government owned. The idea was to keep people in their homes so WTF happened to all that? I have an abandoned house on my block. My sister in Lake Elsinore, Ca has 3 abandoned homes in her neighborhood. These are homes that are awaiting foreclosure. In these instances the people weren't even kicked out they just left, abandoned, the property and it will sit until the bank finally does foreclose.

Guess I'm just wondering if congress really did anything at all when they passed all that **** other than mucking up the works.
 
Only in black neighborhoods.

That's not true.

I live in nice neighborhood in North Coastal San Diego and purchased a foreclosure last year.

When I purchased my home, the previous owners removed all the downstairs flooring, so it was just a cement slab, and also removed the air conditioning condenser. I was told the flooring was a 5inch Walnut, which would have been about $5-6k, and the air conditioning would have sold for about $3k. Also, in the backyard all the few hundred flowering bedding rocks were removed (about $3 a piece).

Lucky for me all of this allowed me to get my house a great deal and I was able to replace everything while still saving a ton.

The point is, all people being foreclosed on are desperate and may do anything to get income.
 
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I'm not blaming him I just am asking a genuine question. He REPEATEDLY stated that he was going to work to keep folks in their houses. We gave banks a crap load of money and the government bought up a ton of **** mortgages. Wasn't that ALL to keep folks in their houses?

I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.

Should mortgages be extended to 100 or 150 years for people so they can stay in a house far beyond their means?
 
last time I checked our local Tampa Bay market had about 2 years worth of inventory on the market. a large part of it is in some stage of foreclosure (short sale, bank owned)
house prices have collapsed by about 50%. more in some areas, less in others, but there is blood in the streets
 
I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.

Should mortgages be extended to 100 or 150 years for people so they can stay in a house far beyond their means?

I'm just saying when you look around it seems impossible that it could be much worse. I guess I'm skeptical that all these bailouts and buying up of mortgages actually did anything. I've yet to meet someone who was in trouble and had their mortgage reworked as was the supposed goal. I see foreclosures everywhere and so obviously those folks didn't get help or get something worked out.

And if the government bailouts and buying up of bad mortgages is in fact helping some folks but too few to make a difference in the abundant foreclosures all around then perhaps we'd have been better off allowing the housing market to just completely crash. If the bailouts are doing anything at all, which I'm not convinced they are, perhaps it's just prolonging the crash rather than just letting it completely crash so it can begin to recover. If the housing market is gonna hit a rock bottom maybe sooner is actually better than latter.
 
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anyone who does this deserves to get their teeth kicked in. They further devalue the property in the area for their own selfish ignorant gain. This selfish ignorance is typically why these peices of **** are in foreclosure to begin with.
 
anyone who does this deserves to get their teeth kicked in. They further devalue the property in the area for their own selfish ignorant gain. This selfish ignorance is typically why these peices of **** are in foreclosure to begin with.

I heard in places like LA they're bringing back the "Cash for Keys" programs where they give the property owners cash in exchange for the keys on the agreement that the property is left intact and in good condition.

It's kind of like when you pay that homeless guy to watch your car.

The banks are now paying them additional monies just so they don't destroy the place on their way out.
 
I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.

If they couldn't pay the fully-ammortized payment (PITI) form day one, and they chose to buy the place anyway, they have nobody to blame but themselves. Every mortgage note states what you will have to pay after a certain time. If they didn't read the note, they are fools.

Simplle rule of thumb. You can only afford a home that values at 2.5 times your yearly household income.

If someone only makes 2K a month (24k a year), they damned well knew they could't afford a $400,000 home the moment they decided they wanted it.

I have no pity for these fools even if they got stated loans. Only a complete retard would think their 24K per year means they should own a 400K home.
 
If someone only makes 2K a month (24k a year), they damned well knew they could't afford a $400,000 home the moment they decided they wanted it.

.

I have no pity for the banker that would make a loan like that.
 
I heard in places like LA they're bringing back the "Cash for Keys" programs where they give the property owners cash in exchange for the keys on the agreement that the property is left intact and in good condition.

It's kind of like when you pay that homeless guy to watch your car.

The banks are now paying them additional monies just so they don't destroy the place on their way out.

It's bull****. They are being rewarded for failure. It's just like the bank bailouts. If these tards did the smart thing to begin with, we wouldn't all be paying for it now.
 
It's bull****. They are being rewarded for failure. It's just like the bank bailouts. If these tards did the smart thing to begin with, we wouldn't all be paying for it now.

Well not only that but the crazier, ruder, and nuttier a person seems the more likely they are to be offered cash for keys. If you look, seem, and act like reasonable good folks who aren't gonna destroy stuff than you won't get this bonus money for leaving nicely. So in a way it encourages folks to act like animals.
 
I have no pity for the banker that would make a loan like that.

Same here, which is why I think that the blame should fall on multiple parties.

But in the end, the only people who suffer are the good homeowners. The one's who didn't overbuy, didn't try to funagle that which they didn't deserve. Teh banks get bailed out, the foreclosed people got to live in houses they didn't deserve, all the while people who actually didn't have their heads up their asses are seeing their property values tank and their ability to ammend the situation dissapear.

I'm upside down on my place now, even though I was one of the first to buy in the building and got the cheapest price. I've got a foreclosure that was destroyed by the owner across the hall from me selling for 30K less than I bought my place for and it's been sitting like that for months.

The bank got bailed out, and the owner of that place got away with every single thing of value in the unit while I'm sitting here having lost 30K on mine because I was honest and had integrity.

Every scumbag is getting rewards and the non-scumbags are getting ****ed.
 
last time I checked our local Tampa Bay market had about 2 years worth of inventory on the market. a large part of it is in some stage of foreclosure (short sale, bank owned)
house prices have collapsed by about 50%. more in some areas, less in others, but there is blood in the streets


Was talkin' to my cuz who is a Process Server in Pinellas and Hillsboro County and he said he served more foreclosure papers in the last 6 months than he has in the last 10 years. But he said they have slowed down lately.
 
Same here, which is why I think that the blame should fall on multiple parties.

But in the end, the only people who suffer are the good homeowners. The one's who didn't overbuy, didn't try to funagle that which they didn't deserve. Teh banks get bailed out, the foreclosed people got to live in houses they didn't deserve, all the while people who actually didn't have their heads up their asses are seeing their property values tank and their ability to ammend the situation dissapear.

I'm upside down on my place now, even though I was one of the first to buy in the building and got the cheapest price. I've got a foreclosure that was destroyed by the owner across the hall from me selling for 30K less than I bought my place for and it's been sitting like that for months.

The bank got bailed out, and the owner of that place got away with every single thing of value in the unit while I'm sitting here having lost 30K on mine because I was honest and had integrity.

Every scumbag is getting rewards and the non-scumbags are getting ****ed.

Yeah the whole situation is totally F'ed up.But if there is nothing done it will also hurt the good people.
 
Was talkin' to my cuz who is a Process Server in Pinellas and Hillsboro County and he said he served more foreclosure papers in the last 6 months than he has in the last 10 years. But he said they have slowed down lately.
that would probably due to the plea to let people stay in their houses for the holidays
I am sure it is ready to ramp up again. Plus towards the end of this year we got all those Jumbo loans resetting their interest rates
 
Yeah the whole situation is totally F'ed up.But if there is nothing done it will also hurt the good people.

The problem is that many of the things being done (avoiding foreclosures, bailing out banks, etc) are already hurting good people.

No matter what the good people get ****ed in this situation because the ****heads are getting rewarded for being ****heads. This causes more people to act like ****heads. In the end, the guy/gal who flat-out refuses to be a ****head will bear the brunt of the burden.

And although I, for one, would rather bear the brunt of the burden than be a ****head, it still sucks balls that these people are getting away with, and being rewarded for, being ****heads.
 
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