THIS JUST IN ~ CURRENT CRIME STORIES #2

Guess Who said:
Banks don't really care if they have a buyer that pays for it more than was owed in it. Too many of those sales wouldn't go through it they did.
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Yeah, but shouldn't they certify it's safe? In order to do a sale, you'd think that would be required.

They'd have to do a walk around, in order to do this.

I wouldn't buy anything without being able to scope it out.
 
Cousin Dupree said:
Yeah, but shouldn't they certify it's safe? In order to do a sale, you'd think that would be required.

They'd have to do a walk around, in order to do this.

I wouldn't buy anything without being able to scope it out.
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That's you and me though. Many don't know that and get all starry eyed at the "good deal" they got.
 
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Cousin Dupree said:
Yeah, but shouldn't they certify it's safe? In order to do a sale, you'd think that would be required.

They'd have to do a walk around, in order to do this.

I wouldn't buy anything without being able to scope it out.
Click to expand...
I absolutely think that some bank inspector should walk-through. It’s probably a state by state law that they have to or not. For reasons like this, what if there was a cache of firearms or something like that? Or a nuclear bomb being created or something. I don’t think it’s acceptable to resell a house without some kind of walk-through.
 
Kimster said:
I absolutely think that some bank inspector should walk-through. It’s probably a state by state law that they have to or not. For reasons like this, what if there was a cache of firearms or something like that? Or a nuclear bomb being created or something. I don’t think it’s acceptable to resell a house without some kind of walk-through.
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But it does happen far more than it should. There are no states that have it as a requirement

Ai response
Final walk-throughs are not required by law in the United States, but they are highly recommended. While there is no legal mandate, almost all standard real estate purchase contracts include a clause granting the buyer the right to do one before closing. [1, 2, 3]
Because walk-throughs are a standard part of the sales contract, they function as a practical checkpoint rather than a legal requirement. [1, 2, 3]
 
This is absolutely horrible. Apparently, a dog "rescue" in California has been taking in hundreds of dogs, and charging to take them in. What they're actually doing instead of adopting them out is shooting them. Worth a read.

kymkemp.com

731 Animals Unaccounted For: Investigators Dig at Miranda’s Rescue as Remains Recovered

Decades of allegations against a beloved Humboldt County animal rescue have led to a court-authorized excavation of its property — and sources say remains have already been found as a multi-agency…
kymkemp.com
 
RoundPeg said:
This is absolutely horrible. Apparently, a dog "rescue" in California has been taking in hundreds of dogs, and charging to take them in. What they're actually doing instead of adopting them out is shooting them. Worth a read.

kymkemp.com

731 Animals Unaccounted For: Investigators Dig at Miranda’s Rescue as Remains Recovered

Decades of allegations against a beloved Humboldt County animal rescue have led to a court-authorized excavation of its property — and sources say remains have already been found as a multi-agency…
kymkemp.com
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Is it owned by Kristi Noem's family?

:giggling:
 
Kimster said:
I absolutely think that some bank inspector should walk-through. It’s probably a state by state law that they have to or not. For reasons like this, what if there was a cache of firearms or something like that? Or a nuclear bomb being created or something. I don’t think it’s acceptable to resell a house without some kind of walk-through.
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I can maybe shed some light here. I do a lot of foreclosures in my legal practice. Laws vary by states, but typically there is no walk through prior to a foreclosure sale. Many (perhaps even MOST) times, the owner/debtor is still living there when the foreclosure sale occurs. So unless they are very cooperative they aren't letting anyone poke around. Usually by the time a f/c sale is arranged, the borrower/owner and the bank are not on real good terms. In some states, once the sale happens the purchaser gets to take immediate possession. In some states there is a redemption period that runs.
But, my point is that there is no real ability to inspect the property before the f/c sale. The sale is totally "as is" and the bank has no obligations (other than if they have actual knowledge of a danger). In 2/3 of foreclosure sales, the bank ends up being the purchaser anyway.
 
Prairiewind said:
I can maybe shed some light here. I do a lot of foreclosures in my legal practice. Laws vary by states, but typically there is no walk through prior to a foreclosure sale. Many (perhaps even MOST) times, the owner/debtor is still living there when the foreclosure sale occurs. So unless they are very cooperative they aren't letting anyone poke around. Usually by the time a f/c sale is arranged, the borrower/owner and the bank are not on real good terms. In some states, once the sale happens the purchaser gets to take immediate possession. In some states there is a redemption period that runs.
But, my point is that there is no real ability to inspect the property before the f/c sale. The sale is totally "as is" and the bank has no obligations (other than if they have actual knowledge of a danger). In 2/3 of foreclosure sales, the bank ends up being the purchaser anyway.
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So, the house may be sold so quickly upon the completion of the foreclosure that the lender doesn't have time to do a walk through?
 
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