Elizabeth Weintraub • Sacramento Real Estate Agent: December 2007

Stripping Assets from Homes in Foreclosure

stripping assets from foreclosed homesThere are times I am tempted to grab some readers by the shoulders and shake them, saying: "Think, that's all you have to do is THINK." Because I often get asked questions that no sane individual should ever ask.

A few months ago, a reader asked me if she could legally remove and sell the kitchen cabinets and built-in appliances while her home is in foreclosure. As pathetic as that question was, it raised questions. It made me wonder how severe are the penalties facing home owners who destroy the lender's security during foreclosures and, exactly who prosecutes these criminals? The answers were surprising but, in hindsight, predictable.

Read more about Stripping Assets from Homes in Foreclosure.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

Stripping Assets from Homes in Foreclosure
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