 rickkeyfla
Joined: 01 Sep 2009
Posts: 1
1.00 Dollars($)
|
 Posted: Tue Sep 01, 2009 11:27 am Post subject: Can I remove upgrades before a Deed In Lieu closes? |
|
|
I bought my home for $40,000, personally put over $10,000 in upgrades and appliances in it, have an Equity loan attached to it (total debt, mortgage and loan ~$75,000), and now I'm looking to a Deed In Lieu of Foreclosure as my only real option to avoid foreclosure.
Is it legal to REMOVE appliances I added, plus any upgrades/improvements that won't do damage to the house TO remove (i.e., decorative fencing, chandeliers, stove, dishwasher, etc.; but NOT new windows, carpeting, etc.), before the DIL finalizes? |
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9791
Location: bloomfield, ct
42.59 Dollars($)
|
| Posted: Tue Sep 01, 2009 12:06 pm Post subject: |
|
|
i really don't know how your lender might look at your removal of items, but simply wanted to point out that they might take umbrage. what "accountable" means in that sense i also do not know. as for the legality, only someone versed in the law would be able to provide that expertise.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
