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09-09-2009, 03:56 AM
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#1 |
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Pug Queen
Join Date: Dec 2008
Location: Las Vegas, NV
Moto: DR200, SV650
Posts: 2,486
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Forclosed homes
Anyone buy one lately?
There are a ton out here and there are some really great deals, but is there a danger of the previous owner being angry about losing their homes and vandalizing it after its been sold? |
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09-09-2009, 04:42 AM
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#2 |
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Hopster
Join Date: Nov 2008
Location: Austin, TX
Moto: 2009 Buell 1125R
Posts: 4,743
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Shotgun ownership should go along with home ownership
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“Well, obviously before; after was all gendarmes and dick stitches.” |
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09-09-2009, 07:00 AM
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#3 | |
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Trip's Assistant
 
Join Date: Feb 2008
Location: Imported from Detroit
Moto: 2009 HD Street Classic
Posts: 12,149
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Quote:
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09-09-2009, 08:30 AM
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#4 |
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Moto GP Star
Join Date: Nov 2008
Posts: 11,022
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We looked at a couple durring our search gina and a few were busted up prety good, lots of holes in the sheetrock, light fixtures all broken up and so on and so on.
Tom |
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09-09-2009, 08:30 AM
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#5 |
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SFL Expatriate #1
Join Date: Nov 2008
Location: ATL Burbs
Moto: '09 Triumph Speed Triple
Posts: 4,712
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That's what insurance is for. And large dogs. And guns.
The first thing I would do if I were to purchase one would be to change all of the locks....immediately after signing the closing papers. |
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09-09-2009, 10:49 AM
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#6 |
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giggity
Join Date: Nov 2008
Location: socal
Moto: street, sumo & dirty
Posts: 1,071
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Bought a couple, no issues like that. They're mad at the bank and try to destroy the place before leaving usually. Torn out copper wiring, graffiti, ripped off cabinets, etc. are common. That all should be obvious before buying.
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09-09-2009, 10:54 AM
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#7 | ||
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Hold mah beer!
Join Date: Feb 2008
Location: 80 Miles South of Moto Heaven
Moto: 08 R1200GS
Posts: 23,268
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I got a foreclosed home, but mine was a 95% complete new home that was foreclosed on the builder. He lost like 9 properties at the same time. We had it preinspected before we put the contract on it since we know a really good home inspector that gave us a deal, so we didn't risk that much. We came out with an exceptional deal. Didn't have to worry about previous owners cause the builder wasn't really that interested in being a builder anymore cause he went back to a previous career as an engineer.
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09-09-2009, 10:55 AM
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#8 | |
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Follower
Join Date: Nov 2008
Posts: 5,549
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Quote:
If it is a foreclosed home, the previous owner is long gone. The horror stories (overblown, imo) about people damaging a house after the contract is signed usually a short sale situation, aka pre-foreclosure.
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Racing For Smiles |
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09-09-2009, 10:52 AM
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#9 | |
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AMA Supersport
Join Date: Nov 2008
Location: Halifax, Nova Scotia
Posts: 2,698
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Quote:
James
__________________
"Bust a nut inside your eye, to show you where I come from" "f youre horny, lets do it, Ride it, my pony, My saddles waitin, Come and jump on it, If youre horny, lets do it" "I'm not a playa I just fuck a lot" "Round two, I'm down to Do, what it takes to make you Understand I'm the Candyman And I melt in your mouth, not in your hands Hard as rock, yes I'm no sucka The boots I knock make me one bad mutha" |
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09-09-2009, 10:57 AM
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#10 |
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AMA Supersport
Join Date: Nov 2008
Location: Richmond, Tx
Moto: '10 Tuono Factory
Posts: 4,569
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its hit or miss
house across the street that my workmate bought really didn't need anything other thn yard work. they painted it, but like any house, they wanted their colors. just make sure to get a good inspection.
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ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. |
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