{"id":15092,"date":"2011-09-12T22:27:31","date_gmt":"2011-09-13T05:27:31","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=15092"},"modified":"2011-09-12T22:27:31","modified_gmt":"2011-09-13T05:27:31","slug":"mine-mine-mine-are-defaulting-homeowners-criminals-when-they-take-the-stove","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15092\/mine-mine-mine-are-defaulting-homeowners-criminals-when-they-take-the-stove\/","title":{"rendered":"Mine, Mine, Mine! Are Defaulting Homeowners Criminals When They Take the Stove?"},"content":{"rendered":"

How many of you have seen foreclosed homes damaged or stripped of wall lighting, appliances, even kitchen cabinets, countertops, and toilets? I\u2019ve even seen homes stripped of their copper wiring (I mean, really?!)\u00a0 Indeed, we\u2019ve probably all at least heard stories of homes being damaged as the occupants depart after default.\u00a0 With the ongoing recession, I think this will continue to be a problem \u2013 especially in the most depressed markets like Las Vegas and Phoenix.<\/p>\n

Seems like the powers that be in my state (Nevada, one of the nation\u2019s foreclosure meccas) agree, and they\u2019ve decided they\u2019re not going to take it.\u00a0 Under AB373<\/a>, which takes effect October 1, homeowners who purposefully remove or destroy real property while the home is in default may be charged with a misdemeanor crime and subject to arrest and prosecution.<\/p>\n

To be clear: If a defaulting Nevada homeowner<\/a> wants to remove the bathroom medicine cabinet or dismount the marble mantel and take them, the homeowner may be arrested. In property law, the cabinets, countertops, mantles, fixed appliances, etc. are \u201caffixed\u201d to the real property because they are installed \u2013 they are either screwed, nailed, cemented or bolted to the real property and thus are a part of that property. Whoever owns the property, owns the fixtures. When a home is foreclosed, that home \u2013 and all of its fixtures \u2013 become property of the bank.<\/p>\n

For whatever reasons defaulting homeowners feel \u201centitled\u201d to damage their homes, they do more than just bring bad karma. Neighbors are negatively affected by that kind of bad behavior too. Homes that are damaged make neighborhoods look bad. Property values already decline because of the foreclosure, and a damaged home just adds insult to injury for the neighbors.<\/p>\n

Plus, banks are not typically inclined to repair REOs, and a badly damaged foreclosed home is often much more difficult to sell than an intact one, which even further stretches out the time it will take for surplus inventory to clear and the real estate markets to find their legs again.\u00a0 What\u2019s more, fair or not, homeowners insurance premiums often increase as criminal activity in the Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How many of you have seen foreclosed homes damaged or stripped of wall lighting, appliances, even kitchen cabinets, countertops, and toilets? I\u2019ve even seen homes stripped of their copper wiring (I mean, really?!)\u00a0 Indeed, we\u2019ve probably all at least heard stories of homes being damaged as the occupants depart after default.\u00a0 With the ongoing recession, […]<\/p>\n","protected":false},"author":69,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[516],"class_list":{"0":"post-15092","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","7":"tag-ab373","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6980,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6980\/bankrupt-ideas-for-changing-bankruptcy\/","url_meta":{"origin":15092,"position":0},"title":"Bankrupt Ideas for Changing Bankruptcy","author":"Sean Purcell","date":"February 20, 2009","format":false,"excerpt":"Two excerpts from a local article:\u00a0 Bankruptcy reform could help hard-up homeowners Overwhelmed by debt from credit cards, a $536-a-month truck payment, $8000 in overdue property taxes and two mortgages, the single homeowner is hoping (San Diego bankruptcy attorney) Colwell can remove the $84,000 second loan on his home, which\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4692,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4692\/promoting-affordable-housing\/","url_meta":{"origin":15092,"position":1},"title":"Promoting Affordable Housing","author":"Brian Brady","date":"September 27, 2008","format":false,"excerpt":"I didn't believe it when I read it; the bailout bill is \"earmarked\" and ACORN is one of the beneficiaries of the largesse. \u00a0 ACORN may control up to 20% of the $700 billion proffered by the Bush\/Obama Bailout Plan. ACORN?\u00a0 Are you kidding me?\u00a0 THIS is what ACORN really\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1435,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1435\/ftc-to-ncrc-regarding-zillowcom-what-price-justice\/","url_meta":{"origin":15092,"position":2},"title":"FTC to NCRC regarding Zillow.com: What price justice?","author":"Greg Swann","date":"May 15, 2007","format":false,"excerpt":"The attempted shakedown of Zillow.com that began last October -- when The National Community Reinvestment Coalition (NCRC) sent a letter to the Federal Trade Commission (FTC) complaining that the nascent Seattle-based Automated Valuation Model (AVM) was misleading minority homeowners about the value of their homes -- has come to stunningly\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7472\/show-me-yours-then-ill-show-you-mine\/","url_meta":{"origin":15092,"position":3},"title":"Show Me Yours – Then I’ll Show You Mine","author":"Doug Quance","date":"March 13, 2009","format":false,"excerpt":"Looking At Rental Properties With A Whole Different Perspective The more things change... well, the more they change. In the past, when you represented a tenant in the lease of a property, it was understood that the tenant would provide authorization for the landlord to perform a credit check, if\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3052,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3052\/hr-5830-here-comes-the-bailout-act-of-2008\/","url_meta":{"origin":15092,"position":4},"title":"HR 5830: Here Comes The Bailout Act of 2008","author":"Brian Brady","date":"May 3, 2008","format":false,"excerpt":"The best thing about being suspicious of politicians is that you learn how they think.\u00a0 I actually think this is a GOOD idea.\u00a0 Libertarians will hate it but I think this bill has merit. Remember my Bailout Post, in March? I have a little idea about how to save the\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16761,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16761\/ask-the-broker-why-dont-more-poor-people-own-their-own-homes\/","url_meta":{"origin":15092,"position":5},"title":"Ask the Broker: Why don\u2019t more poor people own their own homes…?","author":"Greg Swann","date":"August 26, 2020","format":false,"excerpt":"Why isn\u2019t there more opportunity for poor people to own their homes? If you were to substitute the word \u201chorses\u201d for \u201chomes\u201d, the question would answer itself, wouldn\u2019t it? Poor people rent rather than own because their income is too low, their credit scores are too low, or their debt-to-income\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/valentina-locatelli-P8bsrm8KbM0-unsplash.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=15092"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15092\/revisions"}],"predecessor-version":[{"id":15094,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15092\/revisions\/15094"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=15092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=15092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=15092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}