Our neighbor lost his house

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.

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..

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?

This happened to my ex inlaws. They got all their stuff out though. They didn't have anything that would have interested anyone anyway.

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..

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

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.

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.

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.

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.

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,

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.

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.

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.