Rip up a house in repo, go to jail - Huntington Homes - OCRegister.com: "Last week a fellow Realtor mentioned that a neighbor held a “demolition sale” on their soon-to-be foreclosed home. She said the owner sold everything he could even including the bathroom fixtures! Any and everything was for sale. I let her know that was a very serious situation and lenders were beginning to prosecute people for doing so."
--------------
Fred Pilot sent this link. The thing is, I don't think people really go to jail for this. The article just says some lawyer pointed out vandalism is illegal. Fine. But are banks, local governments, and HOAs actually calling the cops after they repo the home and see that the fridge is gone? Or do they just sell it for whatever it fetches and take their money out of it?
No comments:
Post a Comment