If the previous owner of a home trashes it before foreclosure, can they be sued or get in trouble with bank?
Jul 03, 2009 in
Financial and Loan Tips
southernmdguy526
I am interested in purchasing a foreclosed home, but just wandering if there is anything that could be done to the previous owner who may have trashed the property before leaving due to foreclosure?
I am interested in purchasing a foreclosed home, but just wandering if there is anything that could be done to the previous owner who may have trashed the property before leaving due to foreclosure?
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7 comments
P J on July 5, 2009 at 12:58 am
Maybe if the bank wanted to fool with pursuing it, they rarely do, but you are purchasing a foreclosure as is so you would have no recourse.
Christina9999 on July 8, 2009 at 3:39 am
Make sure you put in writing that when you take possession of the house it will be clean and in move in condition. This will make the bank responsible for any mess the previous residents leave. Make sure your lawyer and agent have prepared the contract properly.
Mortgageman on July 9, 2009 at 5:32 am
If the person had anything, he/she probably wouldn’t have foreclosed. Are you thinking Jail?
kate on July 11, 2009 at 2:34 am
Anyone can sue anyone else , it is the USA . . .
BUT , if they couldn’t pay for their own home ,
What are your chances of collecting a judgment ?
Reality , what you see is what you get and
Getting anything out of the previous would be
‘blood from a turnip’ !
>
Mountain Top on July 12, 2009 at 10:20 am
When you purchase the home from the bank, the former owner is no longer part of the transaction.
Your offer and purchase price should reflect the condition of the home.
rwa000 on July 13, 2009 at 4:39 pm
it was his home until he was foreclosed he could do what ever he wanted to do to it, the bank doesn’t come into your house and tell you clean it up do they.
Terry S on July 14, 2009 at 12:02 am
They could be charged with Felony Damage.
Problem is “proving it”
No police department in the country would file charges unless the person was:
1. Caught in the act (highly unlikely)
2. Had a witness that would testify (again unlikely)
Hope this helps!
Terry