Can I take furnace/water heater? Home been on market for 2 years and have to foreclose but want to remove items we put in. Didn't install furnace but did install water heater and all appliances.
2007-11-02 00:49:45 · 4 answers · asked by Brian H 1 in Business & Finance ➔ Renting & Real Estate
Is the house already in the foreclosure process???? B/C there are other options!!!
foreclosure is HORRIBLE on your credit. Ask your mortgage company if they can do a "short sale" or a "deed in lieu"
Let me know if you want more info.
I am going through this process now. I did not want a foreclosure on my credit. I am doing a "short sale" b/c I finally got an offer on my house that was on the market for almost 2 years too!
2007-11-02 03:24:25 · answer #1 · answered by sierra_91_2000 5 · 0⤊ 0⤋
No you cant take the furnace, water heater, stove, dishwasher, the doors, sinks, carpet. The home had all these items when you move in and the loan given was based on these items and the appraisal was based on these items. The lender will get pissed off if you start taking fixtures out of the house and may come after you for doing so. You can run but you can't hide and it will come back to haunt you some day. One day you may try to buy a new home and find you have a judgement for all these items. Its not worth it.
2007-11-02 05:43:35 · answer #2 · answered by Leo F 4 · 0⤊ 0⤋
I agree with "acermill" on most of his statement. Anything 'affixed' to the property can not be removed.
You will want to consult your original closing purchase agreement or buy/sell. If there were some appliances included in the buy/sell, then the appraiser may have considered this in their report. Different states will have miscellaneous laws/rules on this, but you could be facing a larger negative equity situation when your mortgage holder re-sells the property.
I hope that you are aware of the fact that anything the lender sells the home for that is less than you owe (plus certain fees), you will still be expected to pay.
2007-11-02 02:34:35 · answer #3 · answered by L.J. Watcher 2 · 0⤊ 0⤋
You may take with you personal possessions which are not considered 'attached fixtures'. Furnace and water heater are definite attached fixtures and are to stay with the house. Built in dishwashers and built in ranges stay as well. A refrigerator may be taken, unless it is a built in model, such as a SubZero or similar.
Lighting fixtures stay as well.
2007-11-02 01:03:01 · answer #4 · answered by acermill 7 · 2⤊ 0⤋