View Single Post
Old 03-01-2011, 05:52 PM  
lazycash
Troll Patrol
 
Industry Role:
Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
Most of the lenders now have a "cash for keys" program that has greatly curbed owners trashing their foreclosure. The lender will have an inspector come out right before the foreclosure date and inspect the home for damage, missing appliances, etc... If it passes then the lender will usually give the owner 2-5k to hand over the keys and vacate the premises.

There have been instances here in the Phx area where people have been caught breaking into homes that have been recently foreclosed on and stealing all the appliances and trying to sell them on Craigslist, hoping the lender thinks the owner did it.
__________________
"WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..

Its crazy..."

VenusBlogger
lazycash is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote