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Old 09-09-2009, 03:56 AM   #1
Tsunami
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Default 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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Old 09-09-2009, 04:42 AM   #2
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Shotgun ownership should go along with home ownership
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Old 09-09-2009, 07:00 AM   #3
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Shotgun ownership should go along with home ownership
Truth! Did for me. Was in a condo so went with a nice 20 gauge pump action youth remmington.
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Old 09-09-2009, 08:30 AM   #4
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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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Old 09-09-2009, 08:30 AM   #5
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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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Old 09-09-2009, 10:49 AM   #6
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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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Old 09-09-2009, 10:52 AM   #7
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Originally Posted by Tsunami View Post
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?
After its sold it shouldn't be a problem, plus thats why you have insurance.

James
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Old 09-09-2009, 10:54 AM   #8
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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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Old 09-09-2009, 10:55 AM   #9
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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.
Spot on.

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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Old 09-09-2009, 10:57 AM   #10
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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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