Foreclosure

[diamondsoul]

Listened to a report about foreclosures in Florida. Sad. People up and leaving with only a bag of clothes. Even leaving family photos and other momentos behind. People who can't leave their homes because the banks will break in and change the locks claiming that the home was abandoned. So many appliances, furniture, etc., from foreclosed homes they've started piling them in huge piles.

Obama should have created a fund with at least half of the money that was used to bail of the ones responsible for this mess. A fund that some of these folks could access to save their homes. At least then that money would have eventually found it's way into the economy instead of into off shore bank accounts.

[djv8ga]

Originally Posted by diamondsoul

Listened to a report about foreclosures in Florida. Sad. People up and leaving with only a bag of clothes. Even leaving family photos and other momentos behind. People who can't leave their homes because the banks will break in and change the locks claiming that the home was abandoned. So many appliances, furniture, etc., from foreclosed homes they've started piling them in huge piles.

It's exactly the opposite here. People strip the house of everything including A.C., wiring, thermostats, doors, pool equipment, glass, plumbing fixtures, and more.

[bhunter]

Originally Posted by djv8ga

It's exactly the opposite here. People strip the house of everything including A.C., wiring, thermostats, doors, pool equipment, glass, plumbing fixtures, and more.

Yep, destuction just for the sport. A lot of these folks had very little or nothing down, thus they do not have that to lose. As I watched home cost spiral out of control here in California during the Clinton administration, I always wondered how people could afford them. The numbers just didn't add up. When a couple is earning say 120k and their house payment is 6k they're in trouble.

[noonereal]

Originally Posted by djv8ga

It's exactly the opposite here. People strip the house of everything including A.C., wiring, thermostats, doors, pool equipment, glass, plumbing fixtures, and more.

good, glad to hear it

if the banks had been reasonable and honest with them, this would not be happening

[noonereal]

Originally Posted by bhunter

Yep, destruction just for the sport.

I believe the folks that do this do it because they need the money and feel the bank was not honest nor reasonable with them and that it is theirs to sell before the bank gets it.

One or two may be disgruntled to the point of vandalism and I won't excuse that but the banks deserve it and more.

[djv8ga]

Removing an A.C. off a roof without a crane facinates me. I sure as Hell wouldn't attempt it.

[d-ray657]

Originally Posted by djv8ga

Removing an A.C. off a roof without a crane facinates me. I sure as Hell wouldn't attempt it.

That - - is insanity.

Regards,

D-Ray

[Combwork]

Originally Posted by djv8ga

Removing an A.C. off a roof without a crane facinates me. I sure as Hell wouldn't attempt it.

It's amazing what you can move with a winch off a car trailer, rope, wooden rails, dexian and the frame of a bread trolly 'borrowed' (they know me) from the local supermarket.

Moving an AC unit would be Hmmm. How heavy is it (best guess based on manufacturers spec), what have I got (winch, skids, whatever comes to hand) and safety. Once you get beyond the point where you know there is no way you (with or without friends) can lift it you start thinking.

Not always successful. When I was trying to move a large cast iron stove out of my workshop it slipped, took the wing of my mates car and put me in hospital (my hand was between the stove and the car).

You know when you've truly fucked up when it doesn't hurt, just goes numb. Time to get the wedding ring off before things start expanding, kid yourself that you can get away with an ice-pack, then it's down to a & e.

[Dondilion]

Originally Posted by bhunter

As I watched home cost spiral out of control here in California during the Clinton administration, I always wondered how people could afford them. The numbers just didn't add up. When a couple is earning say 120k and their house payment is 6k they're in trouble.

Tried to discourage a relative from getting involve with a 3k mortgage and she thought I was pure evil......I did not want her to own a house.
The fact of the matter was her finance just did not compute. It was way out!

[merrylander]

The government did setup a fund/plan to refinance rather than foreclose but the banks won't cooperate. Now IMHO only a barking idiot would foreclose, knowing they are going to lose big$$$$ rather than delay payment or re-finance at the present value.