FHA bids

SWOH REO said:

Has anyone else heard that they are now requiring personals and debris to be bid separately?

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We started doing this last summer. We refused to remove just debris and leave debris. Just gives them one more way to screw us and call debris/personals and vice versa.

Been doing that for FHA for over 5 years. Those that have not been doing that have been risking the nasty "who stole my personals" from the prior homeowner and prior homeowners Lawyers.

Problem is: Everything is personal item unless garbage and food items. Remember the motto "one persons junk is another persons treasure" ??? I REALLY applies to homeowners who has their personals removed by the P&P Contractor.

HERE the lawyers are ADVERTISING on radio/TV to "Call if you have a house that went through foreclosure and items have been removed from the home"....

They aren't spending the big bucks advertising if they aren't getting $$$ in return.

my motto has always been, if it was ever bought...it's a personal. Period. Fortunately, most banks set a dollar value where they set a cut off for considering materials either debris or personals. example - if personals are prsent with a value of $1000 or more, then remove nothing. Of course, then it's up to you to put a value on things.