Our neighbor lost his house

@dorannmwin (36654)
United States
June 5, 2010 12:19am CST
He knew that he was in foreclosure and received his 30 days notice letter way back on the 23rd of March. However, the bank decided to give him more time to get his stuff out. They came today and emptied everything that was left in his house. Of course, the entire neighborhood watched as Jim's house was emptied and all of his possessions were left on the curb. We all called dibs on those things that he was unable to move into his new home. My next door neighbor ended up with a new recliner and I ended up with a complete dinette set. His next door neighbor ended up with his treadmill and a few other assorted things. Oh, and the constable took some things as well. I am going to ask him if he needs the dinette set still and if he doesn't I'll be either selling the one that I've already got or that which came from his home. It is just too pretty to end up in the dump. So, have you ever known anyone that lost their home to foreclosure? Did they get everything out or where some of their possessions left on the curb like trash for the vultures to descend upon?
4 people like this
14 responses
@skysuccess (8882)
• Singapore
5 Jun 10
dorannmwin, I am sorry for your neighbor Jim and all those who have lost their homes to foreclosure. Times are bleak and I can understand it. I would say that so far I have not had any one close to me undergoing such an ordeal and I hope not to see one when I am still alive. Your neighbor must have left his residence awfully in a hurry and I hope that he is well. Recovery can equally be an ordeal and hard especially when the job opportunities are really scarce.
1 person likes this
@dorannmwin (36654)
• United States
7 Jun 10
I don't know that he really had to leave in a hurry. I'm actually thinking that he really had too many things to take with him. He moved from his house into the neighbor beside his upstairs so he went from a 2000 sq ft house to just one large room.
• Singapore
7 Jun 10
dorannmwin, Here's where I don't understand, I mean couldn't he at least sold those excess items? What about his family?
@dorannmwin (36654)
• United States
8 Jun 10
That was what I really didn't understand either. I don't know about him having family as he lives alone, however, I know that the neighbors would have been willing to help him out in any way that was possible.
• Philippines
5 Jun 10
I don't understand. Why did he leave his stuff there? He should've rented a moving crew or something to fetch those to his new place..
1 person likes this
@Hatley (157622)
• Garden Grove, California
5 Jun 10
oh my G dont you get it? he had no money it takes money to rent a moving crew if he had had money he would have paid the house payments and would not have lost his house in the first place.people do go broke front visions and broke means you have no money to rent anythingor pay any thing.,.
• Philippines
5 Jun 10
Oh. That. Well he is a very unlucky guy. He's broke and everybody got his stuff.
@dorannmwin (36654)
• United States
7 Jun 10
He is a very unlucky person. I wish he would have told us if there was anything that he wanted to keep, but he stopped by when they were changing the locks on the house and didn't say anything to us about wanting anything. We would have gladly done it for him.
• Philippines
5 Jun 10
I don't understand. Why did he leave his stuff there? He should've rented a moving crew or something to fetch those to his new place..
1 person likes this
@dorannmwin (36654)
• United States
7 Jun 10
It would have been very nice if he would have been able to do that. The reason that he lost his house, however, is because of the fact that he didn't have money to maintain his mortgage.
• Philippines
7 Jun 10
Yeah, I understand it now. I think I was doing something else while reading your discussion.
@cupkitties (6702)
• United States
6 Jun 10
This happened to my ex inlaws. They got all their stuff out though. They didn't have anything that would have interested anyone anyway.
1 person likes this
@dorannmwin (36654)
• United States
7 Jun 10
If it were to happen to us, we would make sure and get all of our stuff as well. However, I hope that it never does happen to our family.
@bunnybon7 (32534)
• Holiday, Florida
5 Jun 10
that is so sad. this country is going down fast. but i never knew of them putting stuff out. usually they leave it in there i thought?
1 person likes this
@dorannmwin (36654)
• United States
7 Jun 10
I don't know for everywhere, but I had the opportunity to talk to the Constable here and he said that they empty all houses around here when there is a foreclosure.
• India
5 Jun 10
Yes dorann it has happened with many who took loan from bank for purchasing a new home or renovation of existing home, the property is pledged with bank as per rule..the bank keeps issusing notices if they don't pay in time,,,as a last resort the bank seals the homes.. nothing can be taken out... Thanks for sharing. Welcome always. Cheers. Prof
1 person likes this
@dorannmwin (36654)
• United States
7 Jun 10
Around here, I guess as a last chance for the owners to get there stuff they empty everything out. And then they seal the house. It really is a shame because he is not the first on the street to have not been able to meet his obligations and I know that he will not be the last either.
@dawnald (84126)
• Shingle Springs, California
7 Jun 10
I haven't seen any foreclosures in our neighborhood. If it were me, I would have made darn sure my things were either out, sold or donated though, unless I was incapacitated.
@dorannmwin (36654)
• United States
7 Jun 10
That is another thing that my other neighbor and I were talking about. They very easily could have had a moving sale and just let people into the house after he'd taken out what he wanted and made a little bit of money off of his possessions. I think they said that he didn't have time, but you can bet I would have done that if I was the one in that situation.
1 person likes this
@dawnald (84126)
• Shingle Springs, California
7 Jun 10
Heck, if I didn't have the time, I bet I could have found a neighbor who was willing to have a yard sale for 10% of the profits or something....
@dorannmwin (36654)
• United States
8 Jun 10
I know that he could have, just the weekend before this happened another neighbor had a yardsale for some of their friends and held a profit from what they sold for him. I know that they would have done the same for Jim.
1 person likes this
@savypat (20248)
• United States
5 Jun 10
This is such a terribly sad problem, many can't face it and find it just easier to walk away. Money becomes so scarse and finding a way to house yourself and your family are primary. To bad a sale could not be organized and money turned over to your neighbor. Here we have so many in this situation,
@dorannmwin (36654)
• United States
7 Jun 10
That is what I was talking to another neighbor of mine about the other day. I don't understand why when people start to struggle they don't do a shortsale on their homes and then go from their. Creditwise, I think this is a much more intelligent decision.
@savypat (20248)
• United States
7 Jun 10
On most of these homes the debit is far greater than the value that is why the home owner has no chance, they have lost anything they put into the home and have a hugh debit associated with their credit.
@dorannmwin (36654)
• United States
8 Jun 10
You are right on that. The value of property grew so much over the course of several years and people were refinancing to draw the cash out of their houses that when the housing bubble popped, they ended up a creek without a paddle.
@cream97 (29175)
• United States
8 Jun 10
Hi, dorannmwin. This is so sad! My father-in-law went through foreclosure in 2007. From what I was told by my mother-in-law they got everything out of the house before the bank or whomever would throw their things out. They had until, two months to leave. My father-in-law wanted to get all of his things out of the house before this time. I know that they rented a storage for their things. And they could not pay it all off and they, ended up losing most of their things. Even their pictures... And, they did lost many of their items. I think that it is very embarrassing that Jim had to go through this. Can't they get into trouble for touching his belongings like that?? If something valuable was to break that belonged to him then they would have to pay for it. I understand that they wanted Jim out of the house but they should be in such a rush to get his things out of there anyway. It will take time for someone else to move in there. I know that Jim owes them money and all, but it should have been a better way for the bank to handle this than they have. I guess they figured that Jim had ample time to get his things out of the house. But from March up until now, no one really knows how Jim finances could have been.
@dorannmwin (36654)
• United States
9 Jun 10
Well, I guess that his stuff didn't really "belong" to him anymore because once a foreclosure goes to court, the house and items inside the house belong to the bank. It really makes me sad though that this happens to people. It just doesn't seem fair to me that people should have to struggle.
@ladym33 (11009)
• United States
7 Jun 10
We do have friends that got foreclosed on, but they had moved out of the house way before it was foreclosed. So the house was pretty much empty anyways. They tried to sell the house for a very long time and couldn't. They were seperated and neither one of them was living in the house and neither of them wanted to pay for the mortgage. Shortly after they totally lost the house they got back together. Now they have to rent and they are having all sorts of problems with property owners from the owners wanting to move back in their home then to another owner who was not using the money they were paying for rent to pay for the mortgage and now the home is being foreclosed on. Now they have to move again. But they will not be able to buy another house for 5 years.
@dorannmwin (36654)
• United States
7 Jun 10
That really stinks to hear that the couple that you know is being forced to move again. They need to look into tenant rights because I believe that if they talk to the bank that is foreclosing they will be able to remain living there for a period of time as long as they continue to pay the rent (to the bank instead of the former owners of the home).
@kafueenu (1073)
• Philippines
6 Jun 10
That is really an unfortunate thing to happen to your neighbor. No one in our neighborhood has lost their homes, because lots here are 15 to 25 years to pay, and most of them are fully paid already. This is an old, very old subdivision, so the lots are cheap and they remained same price as the owners acquired them from the start. But it would be different if someone buys the lots now, the area has become mo developed, which makes the properties more expensive.
@dorannmwin (36654)
• United States
7 Jun 10
I'm not exactly sure about Jim's situation, but I know that the other people that are at risk for foreclosure have owned their home for 27 years but have refinanced it in that time. If they never would have refinanced the house to get the equity out of it, I don't think that they would be having the struggles that they are having right now.
@rajupaul (975)
• India
5 Jun 10
it very bad news to listen. But there is some way to solve this problem. If possible you can give you neighbor some good suggestion and ask him to go o lawyer.
@dorannmwin (36654)
• United States
7 Jun 10
At this point, I honestly believe that he has waited too long. If he would have let us know sooner, I think that it could have been handled in a different way. But, alas, that isn't the case.
@TrvlArrngr (4058)
• United States
5 Jun 10
That is so sad! I hate hearing this. People work so hard all of their lives and then the economy turns sour and they lose everything they had. What a shame.
@dorannmwin (36654)
• United States
7 Jun 10
It really is a shame. I, however, don't know what could have been done regarding this situation considering that there were a lot of people that were over-extended when it came to the mortgages that they were approved for.
@katsmeow1213 (28821)
• United States
5 Jun 10
Well that sucks. I haven't known anyone who's house has been foreclosed.. but my mother was evicted from her apartment once in the same manor. I wasn't really on good speaking terms with her at the time, but somehow I did figure out that all of her belongings were at the dumpster. I believe I did go browse through the stuff to make sure none of my old belongings had ended up there. I remember when I left her place I'd left my son's bed behind as well, because I moved in with hubby who was currently living in a studio apartment so there wasn't enough room for my furnishings. My son's bed was there, but not all the pieces, so I left it to be thrown away. I can't remember if I did take anything from the pile... this was probably around 8 or 9 years ago.
@dorannmwin (36654)
• United States
7 Jun 10
That is sad to hear about your son's bed. I felt somewhat bad to be taking stuff that had belonged to him, but then again, if I didn't have it then someone else would.