Comments on: Phoenix Area Police Arrest Homeowner for Stripping Foreclosed Home

By: mattfletcher

mattfletcher — Tue, 22 Sep 2009 13:06:09 +0000

I have a different take.

The banks and government caused the mortgage crisis through greed and a lack of regulation. Banks made billions, Fannie Mae officials got tens of millions in bonuses. So, the government gives the banks get a bail-out with the homeowners tax money….. then arrest the homeowner for stripping the house. I think some of the bankers and Senators should do a little time for causing this mess. Not the guy just trying to survive.

So, arrest the guy who lost his job on the assembly line at Ford or GM because he took some fixtures out of HIS house. I guess it is true, crap rolls down hill and the little guy is at the bottom.

By: John, Vancouver WA Real Estate

John, Vancouver WA Real Estate — Thu, 09 Jul 2009 19:03:33 +0000

I also agree with you. I’ve seen so many foreclosed homes for sale in Vancouver where thievery has taken place and my clients routinely inflate the cost to repair by a factor of 2 or 3 times more than the actual cost to repair. In the end the property with $10k in damage may sell for $30k to $50k less. The selling bank takes a bigger hit but, I think more broadly, when that home sale becomese a comp to which other neighboring non-damaged homes are measured by — those nearby home sellers may also be taking valuation hits as well. So you neighbors, it may pay you to keep watch over the nearby vacant houses!

By: San Francisco Kid@San Francisco, CA Homes for sale

San Francisco Kid@San Francisco, CA Homes for sale — Wed, 08 Jul 2009 03:36:43 +0000

It's a shame to have to worry about this kind of thing. I guess morality and brotherly love are rare things to find these days. **San Francisco Kid´s last blog post..San Francisco, CA Median Home Value

By: Jason Humpal-Loveland Real Estate

Jason Humpal-Loveland Real Estate — Mon, 22 Jun 2009 20:54:20 +0000

It is certainly a good thing the police are starting to crack down on home owners who intentionally trash and strip their home after being foreclosed upon. It is such a shame people do that.

By: Glenn, Paradise Valley

Glenn, Paradise Valley — Tue, 16 Jun 2009 04:22:56 +0000

….The owner of that McCormick Ranch condo that stripped it prior to foreclosure has been identified and the details reported to the Scottsdale Policy Dept. A detective is on the case and hopefully justice will be done! These folks need accomodations at Sheriff Joe’s house!

By: Scott@ Hoboken NJ Real Estate

Scott@ Hoboken NJ Real Estate — Mon, 15 Jun 2009 13:50:58 +0000

Come on out to Camden, NJ where they do this to practically every house. There is a Section 8 part of our city where an apartment in liveable condition would sell for $50,000. The way that some of these thugs trash the place, banks and the market is having a tough time at $15,000 sales. Seriously!

By: Leon Blenky-Miami Beach Luxury Homes

Leon Blenky-Miami Beach Luxury Homes — Mon, 15 Jun 2009 06:11:38 +0000

It is about time, indeed! Anything else you haven't paid for gets reposessed-you don't get to keep parts of it-why would a home be different? Until it is paid off, that home-and the walls that hold it together-don't belong to you. **Leon Blenky-Miami Beach Luxury Homes´s last blog post..Acqualina Condo Hotel In Sunny Isles Beach Presents Great Wine Tasting

By: Bobbie McGowan-RE/MAX Ottawa

Bobbie McGowan-RE/MAX Ottawa — Mon, 15 Jun 2009 04:50:35 +0000

Xica has a bit of a point-foreclosures that have sat around a long time are prone to getting things stolen from them; HOWEVER, there are so many homes that also are missing items that should be there (like the counter tops or cabinets) when the first walk throughs from foreclosure are done. Also, many of the home owners tear apart the home, putting holes in the walls, leaving trash all over, or even writing horrible messages to the HUD reps on the walls…pretty sure a burglar doesn’t care about leaving messages to HUD…

By: matt@second chance checking

matt@second chance checking — Sat, 13 Jun 2009 15:58:24 +0000

I believe Xica is right. While there are home owners who are stripping their homes, I truly believe there are criminals taking advantage of the current economic situations as an easy way to generate some quick cash.

By: nathanmathews (Nathan Mathews)

nathanmathews (Nathan Mathews) — Thu, 11 Jun 2009 23:30:25 +0000

Man arrested for stripping foreclosed home…its about time – http://tinyurl.com/lcvkxe