So, I was in a suburb south of the Twin Cities doing a showing today on a great property, in a high demand neighborhood and we found that the disgruntled sellers had taken a number of things from the property before they moved out.  They had gone into forclosure and apparently got mad at their lender so before they moved out they took all of the appliances, light switches, door knobs, smoke detectors, the water softener and even the kitchen sink!

Luckily, the bank will be taking care of replacing most of these items except the appliances.  It turns out that they replace anything that could be hazardous if not replaced and anything that FHA lenders would require the home to come equipped with.

Unfortunately, this is not uncommon for  home sellers who are in a bad situation with their lender.  They become angry at the situation and take it out on future home buyers.  I guess the home seller figures that since they are not making any money at the sale of their home, they are going to make it harder for the bank to sell it too.  Too bad…all this does is continue to drive the poor market situation that is driving down prices.  This house is most likely worth close to $400,000 but is listed at under $300,000.  Great for a future buyer but bad for the Twin Cities housing market and home values.

I wonder where the sink ended up…..

Jen McKinnon
Realtor / Investor
612.383.1073
jen[at]mnrealestateteam[dot]com