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Real Estate
Reply to "A friend of mine is about to get foreclosed on. He is gutting the house and selling everything. "
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[quote=Anonymous][quote=Anonymous]He says that he has to just to have money to survive. Literally, he is removing the wiring and copper tubing from the walls. He's selling the hot water tank, HVAC unit and the ductwork. He's removed all of the drywall and it's down to the bare studs. I tried to warn him that he is going to be responsible for the difference in the loan and what the bank can actually sell the house for. He said that he has to survive and that's all he has left. I don't agree with what he's doing, but when your back is up against the wall people do the wildest things! How much trouble can he really get into? I hope he doesn't go to jail! [/quote] He should be sued. By the time one gets the foreclosure notice, he hasn't been paying for a long time, can be two three years. He had options way before it came to this state. [/quote]
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