Don't venture further if you have an aversion to evidence of the worst people can do to their
domicile. This isn't pretty and I am only posting it as an example of what happens when
people get desperate. Desperate times make people do desperate, angry things.
This is an example of a bank owned foreclosure that a client asked me to preview. He is
buying his first home and this sounded like a real deal to him. A house built in 2001 in
a nice subdivision south of Grand Rapids, we knew the previous owner had removed some
essential things, like the furnace and water heater. When you drive up to this home, there
is no evidence on the exterior that it is any different than it's neighbors.
NO PICTURES on the listing, so I stopped by yesterday and took a few so he could see if
he would be interested.
Kitchen Cabinets - Gone
All Light Fixtures - Gone
All Interior Doors - Gone
Bathroom #1 & #2 cabinets - Gone
Toilet Stools - Gone
Heat Vent Covers - Gone
Attic Fan - Gone
Bathroom Mirrors - Gone
Furnace - Gone
Water Heater - Gone
Door to Garage - Gone
Believe it or not, this client may still be able to buy
this home. He will have to get a construction loan,
no one will allow a mortgage on a home that can't
pass inspection for occupancy.
No water, no lights and no heat, no mortgage.
If he has the cash to make this possible, it could still work for him. I'll have an update later.
Sadly, the condition of this home and its' saleability will negatively affect all the home prices
around it immediately and into the future.
We all hope someone buys this house and makes it a home again.
If you are considering buying a foreclosure, you might want to read my other articles:
Foreclosures are NOT Fun!! Be prepared to earn your Bargain!
Are Bank Foreclosures Selling Faster than Traditional Listings??
Copyright by Terry Westbrook 2008 ~ Westbrook Realty
Contact: 1-888-240-1968 x 0 toll free
Website url: Terry Westbrook.com
Email: bonnie@terrywestbrook.com
photos by Terry Westbrook
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in
West Michigan. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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What a sad thing! Great, catchy title.
I cannot imagine how up against the wall these people must have felt, but it would seem that in the long run, they've probably shot themeselves directly in the foot by their action.
There's no situation that cannot be made worse by being an idiot about it.
HI Terry - Was it the former borrower or the clean up company hired by the bank that did the damage? Give me a call if a rehab loan is needed ~ Good luck! The buyer will need another place to live for a while!!!
This makes homes on the market that are not foreclosures a little more attractive I think!
Great photos to describe your frustrations!
Funny no police to stop this either? Who would want to buy in a neighborhood where this type of grand theft can occur, and they have a moving truck outside and no police? Excuse me? Are the police is a coma, shooting up or are they just sleeping from their day jobs in Grand Rapids? I'd have their commander come over! No excuses accepted on this!
Unbelievable and sad. I just don't understand this type of behavior no matter what the situation is.
Vickie: It is unusual to see this kind of thing here but you are correct they are under a lot of stress but still no excuse.
Rhonda: we see the neglected ones but this home was in nice condition until they took all the insides out of it.