Foreclosed Homes Trashed
December 15th, 2009
Many owners vacating foreclosed homes are selling off all the fixtures before they leave, further depressing home values, even their neighbors’, reports Kelly Cobiella.
Duration : 0:3:2
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Many owners vacating foreclosed homes are selling off all the fixtures before they leave, further depressing home values, even their neighbors’, reports Kelly Cobiella.
Duration : 0:3:2
December 15th, 2009 at 6:45 am
Poor poor bank
…
Poor poor bank
you pay 400,000 dollars on a 200,000 loan. And think of the intrest you could gain from all that. Almost 700,000 dollars. Banks drove themselves into the ground. And if The banl was taking my house I would do the exact same thing. I would probably tear it up even worse and poor salt all over the yard.
December 15th, 2009 at 6:45 am
why do they act so …
why do they act so shocked. i’d take everything
December 15th, 2009 at 6:45 am
I’m sorry, I know …
I’m sorry, I know several people in foreclosure now. My own family was close to it in 2006, one family in particular plan to strip everything they can out of the home if it happens. I can’t say that I blame them. You work so hard for something so long and then it’s taken from you in less then 9 months.
December 15th, 2009 at 6:45 am
down with the scum …
down with the scum bag banks
December 15th, 2009 at 6:45 am
thats over kill but …
thats over kill but effective save some money and make some too cut and take all the feed lines for electricity to the rooms there all in the basement and easyer to sell
December 15th, 2009 at 6:45 am
Buddy of mine said …
Buddy of mine said that people were putting cement in their drainage systems
December 15th, 2009 at 6:45 am
keep up the good …
keep up the good work home owners
December 15th, 2009 at 6:45 am
Beingreal40, you’re …
Beingreal40, you’re saying people who sign a pile of paperwork because a hired “professional” told them to, and then saying they didn’t know they had 2 loans or what would happen 2 years later, that those people are not idiots???
Either those people are lying about taking a risk that blew up in their faces, or they are morons. Personally, I think most of them are playing stupid to shift the blame away from themselves for their obviously bad gamble.
December 15th, 2009 at 6:45 am
banks suck! way to …
banks suck! way to go to the owner, keep damaging houses! that’ll show the banks
December 15th, 2009 at 6:45 am
I love this, the …
I love this, the fact that people are trashing their foreclosed houses makes me, honestly, prety happy. some people make bad choices, and yea not ALL can be forgiven, but when a bank says “we own your house, get out” I feal the prevous owner has the right, no responsibility, to say “well you” right back.
December 15th, 2009 at 6:45 am
“duped into bad …
“duped into bad loans” you have to be kidding. Do we no longer require people to think? Do you not know your income vs payment? you took a stupid risk and lost. Sorry, now its time to move on and find an apartment, not trash a home belonging to somebody else.
December 15th, 2009 at 6:45 am
I’m not playing …
I’m not playing economist. I did read somewhere about over 10 million people alone took out Option Arms and I did read it’s 1 in eight homes in foreclosure. I’m just defending the people that did act responsibily and trusted the professionals and ended up getting ripped off. Still now some people are going as far as charging their mortgage payments to credit cards to survive. With economy cause and effect, what will you say if you lose your job.
December 15th, 2009 at 6:45 am
oh ….and another …
oh ….and another point. You say 25% of Americans? Are you serious….so you think that 1 in every 4 people you walk by recently bought a home??? Don’t you mean 25% of “home buyers”….there is a huge difference between 25% of everyone in the usa and 25% of home buyers
December 15th, 2009 at 6:45 am
But then again it …
But then again it is the biggest purchase. So thats why you would hire and confide in a professional to tell you where you stand. If they would have done their job and said sorry you don’t qualify to buy then a lot of this wouldn’t have happen. But instead , you know the rest “GREED.” I agree with you, I personally questioned my brokers method only to get him to say “Look I’ve been doing this for twenty years. I know what I’m doing.” So I didn’t argue. But now look around.
December 15th, 2009 at 6:45 am
actually people …
actually people should QUESTION EVERYTHING…..buying a new car, buying a house, having home repairs done,….its nice to say the world should be honest….but we all know thats not true. I would think that if you are making the biggest purchase of your entire life you wouldn’t just throw up your hands and say……”hey anything you tell me sounds fine with me, ill take it!!!!!!”
December 15th, 2009 at 6:45 am
Try 25% of America …
Try 25% of America so far. First time buyers who know nothing are allowed to confide in a licensed professional just as you are when you go to your mechanic or doctor. You shouldn’t have to question their methods when you assume everything is legal. It has nothing to do with IQ. You can’t compare your knowledge to the rest of the nation. You have to look at everyone. An 18 year old trust funder can buy a home and shouldn’t have to study if they’re being duped or not.
December 15th, 2009 at 6:45 am
how does anyone …
how does anyone with an average IQ get “duped into buying a home”. You figure your income against your expenses. Who in their right mind does not “only accept 30 year fixed”
December 15th, 2009 at 6:45 am
Then why is it …
Then why is it everytime a corporation or financial institution knowingly steals or refuses to take responsibility they tell the home owner/consumer ” to bad sue us.” But when a home owner/consumer takes action it a crime. You can’t be serious. These people tried and trusted to negotiate even though they were duped into bad loans and yet the crime commiting lenders offered no more than the middle finger. Don’t mean to sound rude but you got to do the research.
December 15th, 2009 at 6:45 am
to beingreal40: …
to beingreal40: they are not stealing form “their own homes”. They have “defaulted” on their mortgages. They have not paid them off yet. They are stealing from the bank that made it possible for them to buy the home. Doesn’t “anyone” want to take responsibility for their own mistakes anymore?
December 15th, 2009 at 6:45 am
to william82oct: I …
to william82oct: I just don’t see how its the “banks” fault if people buy a home they really cant afford….or they lose their jobs. I bought a place “well below” my means to make sure I could afford it and pay it off
December 15th, 2009 at 6:45 am
people in the u.s …
people in the u.s live upon lies, fun is over amerikkkans
December 15th, 2009 at 6:45 am
Its crazy but you …
Its crazy but you can’t blame those people for doing that because they are heart broken and the banks! They got money coming out of their and if the get low on money then the government will bail them out.
December 15th, 2009 at 6:45 am
Awesome. the …
Awesome. the banks. They make money out of thin air anyway. Who gives a shit. Its all magic money.
December 15th, 2009 at 6:45 am
If I were you I …
If I were you I would be ashame to do that becuase it is my fault to borrow beyond my means.
December 15th, 2009 at 6:45 am
I think people who …
I think people who borrowed and couldn’t pay back should themselves for being stupid enough to get a loan they could afford to pay back. Its no one’s fault but themselves. The banks didn’t make take out those giant loans. Stupid parasites.