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I saw a abandoned house a couple of streets down from where i live. There was a note on the door saying "that this house is abandoned and the locks were changed, and to call BAC field services etc"
It looks like the house in good shape. How do i find out more about the house? Like tax liens, foreclosure etc.
I suspect that BAC Field Services has been hired by the lender. Some borrower probably pulled a "jingle mail" move and the lender ha to ensure the. Place is secure. Depending on laws in OH and the backlog inn the courts it could be a loooong time before the lender is ready to market the property.
Call the phone number and ask questions. I ran across something like this before. Some tenants moved out and as a result the seller couldn't pay the mortgage. It sounds like it is in the process of being foreclosed on. You won't know until you call and ask some questions.
Just move in. They have no more right to the home than anyone else.
They are not owed one red cent.
Thanks for explaining that "they" is Bank of America. Now it is clear your post doesn't make any sense at all. If Bank of America shelled out the cash for someone to buy that house, and that someone has abandoned the property and presumably stopped making payments, then Bank of America owns it, not just legally but morally also. How do you figure that BofA is "not owed one red cent"? Are you saying that all contracts that people enter into are simply null and void? If so, then just turn the tables around so that you are a party. Suppose you go to a store that sells refrigerators and you buy one, and delivery is scheduled for the next day. Are you suggestion that the store does not owe you that refrigerator? You paid for it, and there is a legal contract in place. Or suppose you advanced the money to a friend or relative to buy that house and your interest is protected by a lien (a first trust deed). Your friend or relative, for whatever reason, perhaps inability to pay, takes off. So now you own the house, and you're saying anyone should just move in, and that you are not owed one red cent? That is totally insane.
What a scary and illogical case you make for total anarchy, which just means that the strong prey on the weak. A house is empty, so anybody who feels like it should just move in? What if two would-be squatters arrive to move in at the same time? Should they just have a shoot-out to settle the issue? To avoid that sort of wild west world is the reason we have laws.
One of the ironies here is that I am not a fan of Bank of America and I think it is poetic justice to see them in their current struggles, which they brought upon themselves. However, you have gone off the deep end.
Thanks for explaining that "they" is Bank of America. Now it is clear your post doesn't make any sense at all. If Bank of America shelled out the cash for someone to buy that house, and that someone has abandoned the property and presumably stopped making payments, then Bank of America owns it, not just legally but morally also. How do you figure that BofA is "not owed one red cent"? Are you saying that all contracts that people enter into are simply null and void? If so, then just turn the tables around so that you are a party. Suppose you go to a store that sells refrigerators and you buy one, and delivery is scheduled for the next day. Are you suggestion that the store does not owe you that refrigerator? You paid for it, and there is a legal contract in place. Or suppose you advanced the money to a friend or relative to buy that house and your interest is protected by a lien (a first trust deed). Your friend or relative, for whatever reason, perhaps inability to pay, takes off. So now you own the house, and you're saying anyone should just move in, and that you are not owed one red cent? That is totally insane.
What a scary and illogical case you make for total anarchy, which just means that the strong prey on the weak. A house is empty, so anybody who feels like it should just move in? What if two would-be squatters arrive to move in at the same time? Should they just have a shoot-out to settle the issue? To avoid that sort of wild west world is the reason we have laws.
One of the ironies here is that I am not a fan of Bank of America and I think it is poetic justice to see them in their current struggles, which they brought upon themselves. However, you have gone off the deep end.
BAC didn't loan the money. They facilitated the loan. Sold it to a bundling bank, insured it and manage the exchange of funds. Investors in the stock market own the asset.
They were then bailout when they bought Country Wide and Merrill lynch by the American tax payer, through the mega bank "the Fed" which covered their ass.
If anyone is owed, it's the homeless that are having to be on the hook for the corrupt fractional reserve system of debt and slavery.
THere are people alive that pay taxes and never have had loans. Yet they are on the hook for BofA's financial wizardry. Via BAILOUTS.
Look into the robo signing that BofA is being sued for. THe corrupt loans. Educate your self on this criminal bank that has taken the name of America and flushed it.
BAC didn't loan the money. They facilitated the loan. Sold it to a bundling bank, insured it and manage the exchange of funds. Investors in the stock market own the asset.
They were then bailout when they bought Country Wide and Merrill lynch by the American tax payer, through the mega bank "the Fed" which covered their ass.
If anyone is owed, it's the homeless that are having to be on the hook for the corrupt fractional reserve system of debt and slavery.
THere are people alive that pay taxes and never have had loans. Yet they are on the hook for BofA's financial wizardry. Via BAILOUTS.
Look into the robo signing that BofA is being sued for. THe corrupt loans. Educate your self on this criminal bank that has taken the name of America and flushed it.
So since I currently have stock in GE, I have a right to walk onto a plant floor and swipe some equipment?
So since I currently have stock in GE, I have a right to walk onto a plant floor and swipe some equipment?
How inane can a post be?
No you don't have the type of stock that would let you do that.
Financials are a bit different when they are tied to real estate solely.
It is being litigated in courts across the country. Seeing as the owners (investors) were bailed out. THere is no debt on the real estate.
Unlike GE which makes stuff... simple enough?
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