Thread: Sad ending at foreclosed home

Found this poor guy swinging from the collar tie.

I cut the poor chap down for decency and dignity. It's all I could do.

Sad sign o the times.

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Hef would be proud of you.

Makes you wonder though about somebody taking the time to do such a thing. I'm sure the kids freaked when they saw that.

rick

OH my gawd, someone hung the Easter Bunny!

Whatever will we do this year?

Who will color and hide all those colorful eggs?

And no chocolate bunnies to bite the ears off of ... Oh My!

Keep Your Head! Keep Your Head! the White Rabbit said.

Id be more concerned with people letting their kids in the attic. But then again, maybe a parent that would hang a bunny would allow their kids in the attic.


That is just too weird. You maybe should have looked around a little bit more around the area where the bunny was hung. It may have been a warning for folks to stay away from a vintage collection of Playboy, National Geographic, or some other porn stashed in some obscure area.

Maybe the selling brokers name was BUNNY. That would make sense would'nt it?

Originally Posted by Jerry Peck

And no chocolate bunnies to bite the ears off of ... Oh My!

Early

Interesting what people leave at foreclosures. At one recently there was some very nice camping equipment: high quality tent and sleeping bags, propane stove w/ grill, etc.

Leaving that part of their lives behind? No place to store it? Stored for someone else and abandoned?

Who knows?

Sometimes gives me the blues to go through these places....

What I hate finding in the foreclosures is all of the scattered family pictures all over the floors and in the attic space.

Here's a picture from an attic space a few weeks ago. You can see a few pictures but check out all of the lotto tickets scattered about. Gives reasoning to why its a foreclosure.

This caught my eye in the NY Times today:

"An example of the spreading credit crisis is seen in Don Doyle, a computer engineer at Lockheed Martin who makes a six-figure income and had a stellar credit score in 2004, when he refinanced his home in Northern California to take cash out to pay for his daughter’s college tuition.

Mr. Doyle, 52, is now worried that he will have to file for bankruptcy, because he cannot afford to make the higher variable payments on his mortgage, and he cannot sell his home for more than his $740,000 mortgage.

“The whole plan was to get out” before his rate reset, he said. “Now I am caught. I can’t sell my house. I’m having a hard time refinancing. I’ve avoided bankruptcy for months trying to pull this out of my savings...”

In refinancing their home in 2004, Mr. Doyle and his wife were doing what millions of other homeowners did in the last decade — tapping into the rising value of their homes for home improvements, paying off credit card debt, college tuition and for other spending.

The Doyles took advantage of the housing boom by refinancing their home nearly every year since they bought it in 1995 for $275,000. Until their most recent loan they never had a problem making their payments. They invested much of the money in shares of companies that subsequently went bankrupt.

Still, Mr. Doyle does not regret refinancing in 2004. “My goal was clear: I wanted to help my daughter go through college,” he said. “It wasn’t like it was for us.”

http://www.nytimes.com/2008/02/12/bu...nted=2&_r=1&hp

I don't know know quite what to feel about this family's situation - when the the rates were low I was taking out 30yr fixed mortgages to rehab rental properties, and I'm over there rodding out the sewers at 3AM if that's what it takes - the concept of maxing out your HELOC to play the stock market or taking out a reverse-amortization mortgage to pay for your daughter's college tuition just seems nuts to me - and where's the daughter when her parents may be losing their home - seems to me she ought to be back there helping to pay the mortgage...

OTOH, this is what a lot of intelligent well-educated Americans seem to think "middle-class life" IS - they see their bosses making 250K a year with the 30K bonus, and stock options and grants, and their bosses making four times that, and they just want to go along for the ride.., after all, they are hard working honest people, so they must deserve it... you can really see how they got caught up in it...

They pulled out almost $500,000 and didn't set any aside in 'safe' investments?

Surely they didn't spend most of that for their daughters college education???

And they picked ALL BAD stocks with the rest of the money?

Something just does not seem right.

jerry,
just heard a news flash! alice,the door mouse,the white knight,the men on the chess board,the red queen,and a hookah smoking caterpillar have been arrested and charged with conspiracy in the bunny death. so sad!

Brian,

Is there something we ought to know?

That's two threads in the same day with references to "smoking" of wacky-tabacky...

Just a coincidence, right?

Rich

Hey Jerry P. Were you referring to the Mad Hatter or Jefferson Airplane with your "keep your head" line? I didn't get into the Mad Hatter as much as I did Grace Slick.

The song was definitely "feed your head", another drug reference.

When logic and proportion
Have fallen sloppy dead
And the White Knight is talking backwards
And the Red Queen's "off with her head!"
Remember what the door knob said:
"FEED YOUR HEAD
_______________
FEED your head"


I'm a music trivia nut.

One pill makes you larger,
and one pill makes you small
And the ones that mother gives you,
don't do anything at all;

Go ask Alice, when she's ten feet tall.

And if you go chasing rabbits,
and you know you're going to fall;

Tell 'em a hookah-smoking caterpillar
has given you the call;

To call Alice, when she was just small.

When the men on the chessboard
get up and tell you where to go;

And you've just had some kind of mushroom,
and your mind is moving low;

Go ask Alice, I think she'll know.

When logic and proportion
have fallen sloppy dead;

And the white knight is talking backwards;
And the red queen's off with her head;

Remember what the doormouse said,
Feed your head . . . Feed your head

Ah Rick, another Airplane fan I see. I wasn't keen on "doorknob" but I found that on the web. So I doublechecked and your dormouse (correct spelling) is described below:

The Dormouse is a character in "A Mad Tea Party", often popularly known as "The Mad Hatter's Tea Party", Chapter VII [1] from Alice's Adventures in Wonderland by Lewis Carroll. He sat between the March Hare and the Mad Hatter. They were using him, while he slept, as a cushion when Alice arrives at the start of the chapter.
The Dormouse is always falling asleep during the scene, waking up every so often, for example to say:

`You might just as well say,' added the Dormouse, who seemed to be talking in his sleep, `that "I breathe when I sleep" is the same thing as "I sleep when I breathe"!'

Rick, you're worrying me, you know the words to White Rabbit??.........LOL

With Jefferson Airplane I always thought it was "Keep your head" in response to the Queen's incessant "Off with his head".

Maybe I should have ... to have understood it better ... nah ... I survived the sixties to remember them, unlike some others ...

Not to worry, our government is going to bail out all the folks that couldn't manage their incomes by spending more than they earned by tapping into their home's equity.
Now what are they going to do for the folks that did?
It would be amusing if it where not so sad.

Jerry,

We'll never see one of those freebie checks. Would be nice though. I'd blow it all for a new plasma or DLP for my office. Help the economy you might say.

rick

I would say that about 40% of my inspections currently are REO (real estate owned) or short sale. Is that typical for the rest of you or is it less because of our ridiculous price increases over the past few years?

40% seems high. I agree doing foreclosures is depressing. Most of them haven't been worth buying and I feel sorry for the people doing so. So many are in a situation where they have no choice but to buy something worse then what they may have been in.

None of the ones done by me have been close to liveable without lots of work.