Once that happens, you get rid of everything. What you do with it is your business.
Times are changing. Pay close attention to your work order instructions. Some state and bank laws give the mortgagors up to 60 days. I have some HUD property's that still have personal property in it a year later and it has not conveyed.thom said:State laws are different. In my state, when I evict a tenant, after the date of restitution set by the court, I can do what I wish with anything left behind. What I do is take it to the dump. If it had value, it wouldn't be there.
thanohano44 said:Times are changing. Pay close attention to your work order instructions. Some state and bank laws give the mortgagors up to 60 days. I have some HUD property's that still have personal property in it a year later and it has not conveyed.
Oh, it's a brewing baby..... Me and FremontREO were just discussing this last week. Word thru the grapevine is that the Big Boys of lending are going to put a FREEZE on foreclosures until the figure this **** out. No point in paying the meager sums they do for maintenance and repairs until they know they actually are legally allowed to take possession of and liquidate there depreciating asset.mtmtnman said:Good advice! It's also good to note that with all the robo signing stuff going around people ARE getting their homes back and remember, chit rolls downhill. The Nationals have high dollar lawyers that you and i cannot afford so gues who gets to pay???? :whistling
Here's some stuff to chew on:
"Already, mortgage papers are being invalidated by courts, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on homes. The findings by various county registers of deeds have also hindered a settlement between the 50 state attorneys general who are investigating big banks and other mortgage lenders over controversial mortgage practices."
"Because of these bad titles, property owners can't prove they own the properties they think they bought, and banks can't prove they had the right to sell them," says Jeff Thigpen, the registrar of deeds in Guilford County, N.C.
In Guilford County, where Greensboro is located, a sample of 6,100 mortgage documents filed since 2006 turned up 74 percent with questionable signatures. Thigpen says his office received 456 more documents with suspect signatures from Oct. 1 through June 30.[/I]
Poke here for the full article.....
scraigc said:As mentioned above, it depends on the state laws you are in. Evictions of tenants and foreclosures of owners are different. always best to document everything (photos, videos, notes, etc) and CYA