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| *Ostroff, Fair and Company>>>Credit |
I am foreclosing my home,besides my belongings, can I take everything out of the house? |
Ceiling fans, appliances etc?? You are walking a very fine line if you try taking items out of the house that are above and beyond your personal belongings. Lenders have prosecuted people for stripping homes bare after they are foreclosed upon and have taken everything. If the home came with a fridge, leave it with a fridge. If the home came with a dishwasher leave it with a dishwasher. If the home came with ceiling fans, leave it with ceiling fans. You get the point here. If the home did not come with items such as ceiling fans and such do not take them and leave a hole in the ceiling with loose wires. Replace the ceiling fans with regular cheap light fixtures at least. You agreed to pay for a mortgage loan when you purchased the home and the collateral you gave was your home. You can be held liable for diminishing the value of the home after the home is foreclosed on, even if it was you who improved it. Honestly, I would not push my luck with taking fixtures out of the home. Maybe the fridge, but probably not the stove, dishwasher or built in microwave. Best of luck to you and I hope things pick up for you. Instead of letting your home foreclose why not try and sell it or even try one someone that purchases homes.. webuyuglyhouses.com is a website for one of those.. If you let them foreclose on your home you will completely ruin your credit.. as for taking items.. You can take what you put into it since those items belong to you.. You may get away with replacing some items with less expensive items. If appliances were mentioned in any loan agreements then there would need to be appliances in the house at the foreclosing. You couldn't take out a dishwasher & leave a hole. Yes, everythig that is not a permanent fixture of the house (bath tub, kitchen sink, etc). If the home did not come with the appliances, they belong to you and you may take them. A ceiling fan can possibly be replaced (if its top of the line and you wish to replace with a cheaper suitable model), but no you cannot "strip" off lighting fixtures, etc. Many of our friends divorced and left the house vacant. Some of these people took everything, refrigerator, freezer, bedroom suit, ceiling fans, light fixtures, stove, permanent grills you name it , they took it. We also rented a house and the renters took the stove, refrigerator, light fixtures, and even drove their car through the garage door!. It cost us money to have them evicted. Would have cost more to get our items back, and they didn't have the money to cover the costs anyway. We were between a rock and a hard place. So , I say YES, If you like, take everything that you bought or put into the house. They are buying the dwelling, not the appliances. experience |
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