Seems like the builders these days charge extra for most of that stuff, so I'd say they're his to sell!

He's charging way too much, though.

If I can stave off foreclosure by selling that stuff, am I stealing from myself? Actually, the way things are going, I may be doing that soon. Anyone need a sometimes functioning 1950s era furnace? Step right up, don't be shy!

Hello,

I see that you linked to us today. Thanks.

I suspect we will be seeing more ads like this one as the foreclosures mount. Given how stupid the lenders were, it is hard to feel to sorry for them. On the other hand, stripping the property of its fixtures sure seems like stealing to me.

Never though of that!
Actually, the bank that foreclosed on me sent a team and a big truck five days before I had to be out and shredded books and clothing, smashed a computer and other valuables, and hauled away just about anything they could move, before I could get them out of the house.

Fuck yeah this is stealing! They should throw the book at the peopel in default not for taking the fixtures but for buying something THAT THEY COULDN'T AFFORD IN THE FIRST PLACE! Then they should also go after the lenders for making those fucktards believe they could afford the overpriced pieced of shit house. Come to think of it, I can now buy that house along with fixtures for about .10 on the dollar! Cool!

What about if you bought the fixtures in the first place?
The home I bought came without any appliances, and I bought them all new myself. I recently suffered a foreclosure, and dang skippy I took them... am I evil? yes I am... but am I wrong?

The bank owns an intangible, a piece of paper giving them a right to take a house after in has been foreclosed upon.

The owner in possession owns the right to do with, sell, replace, fix, break any and all parts belonging to them while in possession.

The banks, lenders are the high paid professional and new exactly what they were doing. They are the ones that need to be held accountable.

To sell off fixtures is like breaking apart the train just to feed the locomotive. Someone who can't afford a multi-million dollar house needs a dose of reality, followed by a move to a smaller house.
If they really want to save money, they can go to any laundromat in Santa Ana and find flyers with sofas they can rent by the month. It sucks to live in a house with a bunch of people, but the food is great!

Carrying away fixtures or damaging the home can be considered to be an intentional tort as to the bank, and the bank can get an additional judgment for the injury to its collateral.

Since this additional judgment is for an intentional tort, it may not be dischargeable in bankruptcy.

Borrowers who gut the home usually get what they deserve years later when out of the blue and all of a sudden a professional judgment collector hits their bank account with a levy and a truck pulls up to haul their car off, while the deputy informs the borrowers that the equity in their new home will be liquidated to pay their old debt (and they will still be on the hook for their new loan too).

Actually detaching and converting real property into personal property where a lender holds a security interest in the property IS THEFT... usually GRAND Theft! Cal Penal Code 487b. Many brokers and owners around the country are serving time for this. The reason is that when you give a Deed of Trust you dont actually own the whole property. The bank does. This is why you have to pay off the loan before you can sell it.

Is it legal to strip a home? Bottom line - check your appraisal. If it's on the appraisal (e.g. water heater, A/C, Jacuzzi tub etc.) it is real property and you are stealing; grand theft. If it is not on the appraisalit is personal property (e.g. refrigerator etc.).