A friend of mine is about to get foreclosed on. He is gutting the house and selling everything.

[Anonymous]

Your friend is a dick. It sounds like he needs serious help - social services help. If he is in that dire of straits for money, he could do better going on some sort of safety net social assistance. Unemployment? Food stamps?

Does he have a job? Is he an addict? Something is just wrong with this scenario. Normal people don't behave this way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seriously? Could he not have rented rooms in his house?

+1. I've had roommates and it's been awesome. why don't others do this???

I had lost my nice paying job, got divorced and lived in my house, when the mortgage got to be too much, I looked for a roommate to two. Found a roommate and she ended up costing me more money than she way paying me.

This is was back in the early 90s. She charged over $300 on long distance calls on my house phone, would forget to turn off her faucet in the bathroom, would turn on the stove and leave it on for hours with nothing in it. Yeah, I had a great idea that turn into a nightmare. I'm ashamed to say, I used to work with this girl, and trusted her.

[Anonymous]

Scum of the earth, he is devaluing and hurting everyone else as well

[Anonymous]

Anonymous wrote:Your friend is a dick. It sounds like he needs serious help - social services help. If he is in that dire of straits for money, he could do better going on some sort of safety net social assistance. Unemployment? Food stamps?

Does he have a job? Is he an addict? Something is just wrong with this scenario. Normal people don't behave this way.

Have you read the whole thread? This is incredibly common behavior for people facing foreclosure.

[Anonymous]

Anonymous wrote:It's his house until it is not his house. When it is his house he can do whatever he wants within local codes (i.e. can't burn the house down as a party bonfire).

He will owe the difference but it sounds like at the end of the day he's going to file bankruptcy so it doesn't matter. Just make sure to be within the debt limits of bankruptcy - if you owe too much you cannot get bankruptcy protection.

This my ex bf did this. It didn't effect him at all

[Anonymous]

Anonymous wrote:Scum of the earth, he is devaluing and hurting everyone else as well

He is selling what is legally his

[Anonymous]

Anonymous wrote:Several years ago (this was before the recession), our next door neighbor went into foreclosure. Not sure why it happened, it was a strange event. She worked, lived there for several years, etc., but for some reason she stopped paying the mortgage. It was a nice neighborhood, nothing fancy, but nice. The day she moved out, she took a dump on the living room floor. So trust me, people lose all perspective when crap like this happens. She also peed in some of the rooms. We learned all of this from the person who bought the place. He got the house at a excellent price.

I am watching The Nightly Show which just "reported" that the Lafayette, LA mass shooter did this also.

[Anonymous]

Anonymous wrote:What he's doing is not uncommon -- foreclosures are frequently stripped bare.

This is true. The majority of foreclosures we looked at in 2009 were stripped bare or in the process of being stripped bare as in, the homeowner was removing light fixtures right in front of us potential buyers. Needless to say, we didn't want to buy a home that was stripped down like that and instead opted for one that had all the bells and whistles.

[Anonymous]

Anonymous wrote:I can understand the copper.

But drywall?

Drywall has to be removed to get to the wires and pipes.

[Anonymous]

If he's also a neighbor, then you're in trouble. Someone on our street did this and the house sold for a seriously low amount of money -- naturally. This affected the 'comps' for the neighborhood for a good long time. People look on the MLS and they see that the last house in your neighborhood sold for 250,000 and they don't know the circumstances and it makes your house look overpriced when you try to sell it as actual house.

[Anonymous]

Taking anything more than personal belongings and items not affixed to the house is illegal. We need to crack down on these freeloaders and jail them. Even worse are scumbags that live in the home without paying a cent for years http://www.washingtonpost.com/local/a-million-dollar-mortgage-goes-unpaid-for-years-while-couple-fights-foreclosure/2012/03/01/gIQAb4DBpR_story.html

[Anonymous]

Tell him not to forget about the landscaping. Sell those shrubs and bushes too.

That's what the previous owner did to us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've heard the same from multiple realtors and friends who tried to buy foreclosures. They even mentioned in some cases how the ex homeowners would pour concrete down the drain. Obviously, that doesn't earn the ex homeowner money. It's done to spite the bank.

And since the bank doesn't give a shit what condition it is in, the only person you hurt is the innocent person who buys the foreclosure.

Seriously? No one is holding a gun to buyers' heads and forcing them to buy a foreclosure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Scum of the earth, he is devaluing and hurting everyone else as well

He is selling what is legally his

The house and its contents are not legally his. Any portion that is mortgaged or under a deed of trust shares an ownership interest with the lender
Your friend is "wasting" the property by devaluing it. Under his mortgage or deed of trust he agreed to care for and maintain the property and its contents.
So, no, he is not acting legally but as someone with the lack of character that lead him to the foreclosure initially. From the tone of this post OP, I wonder if you are more than a friend to this man and are trying to justify his actions

[Anonymous]

Anonymous wrote:

Anonymous wrote:What he's doing is not uncommon -- foreclosures are frequently stripped bare.

Data? Source? Are u op?

My DH is a home inspector and sees this with foreclosures. It can range anywhere from 1-2 big items stripped all the way to what is described here. Not too often that even the drywall is gone though.