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#442037 - 01/03/15 04:46 PM Re: Most common items found at an REO [Re: Traveler]
Tex Offline
Member

Registered: 02/11/14
Posts: 210
Loc: TX
I was looking at one to buy as a flip. It was an almost 5,000 ft. two story home. I pulled down the attic access from the second floor to enter the attic. There was a very well built walkway going through the attic. At the end was a small finished room. That was a very creepy feeling!

I know the neighbors. As it turns out when they were all kids every once in a while one of the children of this home would not be at school for weeks. Well.....All we can speculate is that the parents were locking their kids up in this attic.

There is some horror movie that comes to mind.
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#442044 - 01/04/15 07:12 AM Re: Most common items found at an REO [Re: Tex]
75Corvette Offline
Veteran Member

Registered: 09/16/05
Posts: 1209
Loc: Ohio
Wow, that is creepy, Tex! If walls could talk...

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#442068 - 01/05/15 11:08 AM Re: Most common items found at an REO [Re: MArealtor]
Brian0365 Offline
Member

Registered: 03/18/08
Posts: 20
Loc: Ohio
Why would anyone call the police if they find weapons or ammo when I find some I keep it.


Edited by Brian0365 (01/05/15 11:11 AM)

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#442079 - 01/05/15 05:06 PM Re: Most common items found at an REO [Re: MArealtor]
Tex Offline
Member

Registered: 02/11/14
Posts: 210
Loc: TX
Originally Posted By: MArealtor
Check out this find in Connecticut:

Jan. 5th, 2013

FARMINGTON, Conn. (AP) _ Bank representatives cleaning out a foreclosed home in Farmington have stumbled upon 130 guns, 20,000 rounds of ammunition together with what appeared to be a grenade and a mortar.

Police dispatcher Tom Sevigny said on Saturday that an investigation showed the guns were legally registered to the resident. The grenade and mortar turned out to be inert.

Sevigny says police have seized the weapons and authorities will not file charges against the owner.

The guns included shotguns and handguns.

The bank foreclosed on the Fairview Drive home on Friday. Bank representatives went to clean out the home before the occupant had cleared out his belonging when they stumbled upon the alarming cache, prompting them to call authorities to investigate.

You may share your thoughts in our comments section below…

(Copyright 2013 by The Associated Press. All Rights Reserved.)



That amount of guns and ammo would not be that big of a deal in some states. Believe it or not, many people accumulate guns, and ammo, as investments.

Right now many investors choose to avoid the stock market. CDs and bonds are earning zero. "Alternative investments", precious metals, guns, etc. on the other hand can potentially have a higher return.
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#442082 - 01/06/15 12:00 AM Re: Most common items found at an REO [Re: Traveler]
PA Roadkill Offline
Major Contributor

Registered: 11/15/06
Posts: 2179
Loc: The Middle of the Interstate
Happened to a Realtor friend of mine. Doing an eviction on a foreclosed property owned by an older man. House worth maybe $40K at most. Turned out when they packed up the guys belongings he had an antique gun collection worth much more than the house. Go figure
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Some days I feel like the bug, other days I feel like the windshield



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#442089 - 01/06/15 07:12 AM Re: Most common items found at an REO [Re: Traveler]
barb43 Offline
Veteran Member

Registered: 07/31/08
Posts: 1156
Loc: SW Okla
I might keep the ammo, but not the guns - I'd have to know they weren't stolen, wanted in some crime, whatever before I'd keep them. Around here, there's too much chance of it.
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Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005.


LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com

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#442841 - 01/27/15 09:51 AM Re: Most common items found at an REO [Re: Traveler]
TexasAgent Offline
Member

Registered: 06/15/07
Posts: 72
Loc: Texas
I have a wonderful collection of wind chimes. Our clean up people never take them from the outside.

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#442937 - 01/29/15 05:25 PM Re: Most common items found at an REO [Re: Traveler]
jdharpe Offline
Member

Registered: 10/11/08
Posts: 337
Loc: Washington
Im in the seattle market, and I can tell that the Seahawks must have been winning in the last few years, because every home now has a boys room painted blue and green with a seahawks logo on the wall. Never existed 3-5 years ago. Fair weather fans!

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#457977 - 06/02/17 11:56 AM Re: Most common items found at an REO [Re: Traveler]
LoganRealty Offline
Member

Registered: 06/02/17
Posts: 32
Loc: Santa Monica, CA
Koi Fish (the big ones)

Dirty Refrigerator - about 50% of the time.

Heavy clunky items, too. Had to deal with moving a piano once. Normally the clean out crew deals with all the small/smelly items, but that one took extra man-power.
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Santa Monica Realty by the Sea

Top Recommend: Use a dedicated GPS mileage tracker - not an app - to track your miles.

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#458110 - 06/16/17 03:59 AM Re: Most common items found at an REO [Re: Traveler]
TheBPOExpert Offline
Member

Registered: 01/22/12
Posts: 114
Loc: Georgia
One item that I have found you can count on in REO homes that shows the state of mind of the owner when they realize it's time to leave are empty beer bottles and often empty half gallons of vodka. Can be depressing seeing destroyed lives.
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#458113 - 06/16/17 02:39 PM Re: Most common items found at an REO [Re: TheBPOExpert]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1042
Loc: Virginia
Money - as little as a few pennies to $63 at one house so far. Obviously, they don't value it. Always check around the washer and dryer.

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#458957 - 09/01/17 03:41 PM Re: Most common items found at an REO [Re: VABroker]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 117
Loc: New Hampshire
Originally Posted By: VABroker
Money - as little as a few pennies to $63 at one house so far. Obviously, they don't value it. Always check around the washer and dryer.


It seems like every REO has loose change thrown everywhere. I mean everywhere. It's weird. I mean, who uses that much change any more?

On a sad note, I never got used to seeing family pictures left behind. Or baby books. And they seem to have been left in most of the houses.

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#459631 - 11/01/17 06:50 PM Re: Most common items found at an REO [Re: Traveler]
CentralFLbeepo Offline
Member

Registered: 01/27/11
Posts: 170
Loc: Florida
I found a pooped-on wall today. Someone had dropped their pants, squatted down with their butt up against the wall and popped.

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#459632 - 11/01/17 07:30 PM Re: Most common items found at an REO [Re: CentralFLbeepo]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 117
Loc: New Hampshire
I had that at a listing in SC. It was really gross. I felt bad for the poor soul who ended up needing that kind of toilet space.

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#459638 - 11/02/17 09:07 AM Re: Most common items found at an REO [Re: VABroker]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7716
Loc: Vermont's North-East Kingdom
Originally Posted By: VABroker
". . . Money - as little as a few pennies to $63 at one house so far. Obviously, they don't value it . . ."

Too lazy to bend over and pick it up !

Obviously, they haven't suffered enough yet.
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Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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