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#460173 - 12/26/17 11:58 AM Re: Most common items found at an REO [Re: Vermont]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1089
Loc: Virginia
I never pass money up. My territory has even expanded to gas stations (around the pumps are good), the sidewalks going into the convenience stores, and, fast-food parking lots. The clean-out guys don't even seem to value small change. It takes 100 pennies to make a dollar, AND, it's a dollar I didn't have before!

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#460178 - 12/27/17 06:25 AM Re: Most common items found at an REO [Re: Traveler]
JohnN Offline
Member

Registered: 11/21/13
Posts: 248
Loc: Minnesota
I constantly see change laying around REO's. Checking out kitchen drawers there will be a nickle or a penny.
I just leave them alone. I'm usually there with clients and I don't want to appear tacky shoving pennys in my pocket.

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#460185 - 12/29/17 04:07 AM Re: Most common items found at an REO [Re: JohnN]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1089
Loc: Virginia
One can always slyly pick up loose change from the ground, etc., or go back and pick it up when buyers are distracted. Losers weeper - finders keepers. Money has value no matter what the denomination. If it were a gold bullion sitting on the ground, would you also pass that by? The sad part is in the foreclosed properties, when you find money, perhaps if the owners had valued it as 'every penny counts', maybe they wouldn't have lost their house. I had a cousin who used to throw pennies out his car window "because it's just a penny". Again, 100 pennies equals a dollar. It can add up fast.

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#460188 - 12/29/17 05:39 AM Re: Most common items found at an REO [Re: Traveler]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7883
Loc: Vermont's North-East Kingdom
On REOs, I always thought this money was scattered around and left by the AM just to check on the honesty of the Property Preservation People, the Winterization Wizards . . . . and, of course, the Trash Out Technicians.

All of them must have checked out as being absolutely squeaky clean, and proved to be beyond temptation . . . . so the money was left there for other people "of good will" (like REALTORS®) to lift, and walk away with to help in paying NAR Dues.

No ?
_________________________
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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#460191 - 12/30/17 11:53 AM Re: Most common items found at an REO [Re: Vermont]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1089
Loc: Virginia
My nephew told me this morning that when they do clean-out detail work on cars, change drops on the ground all the time. He picks up every penny. The other guys laugh at him and think he's crazy. He collected $72 one month. The kid's in college so he now knows the value of saving every penny - that $72 paid for his groceries for one week.

But, that would be funny to see if it's a test. I remember years ago reaching the top of the escalator at the local mall. There laid a $20 bill, neatly folded. I didn't ask if it was a test! This past year, people were outside the grocery store cleaning the glass doors. I stepped out and right there on the ground was a stretched-out $1.00 bill. I didn't ask if that was a test either. I was just surprised the window cleaners didn't pick it up. What am I going to do? Ask them if they dropped it? How do you think they'd reply?


Edited by VABroker (12/30/17 11:56 AM)

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#460221 - 01/04/18 02:31 AM Re: Most common items found at an REO [Re: Traveler]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
I never bothered picking up loose change, but I always checked for usable lumber and other building materials. An 8' 2X4 in good condition is worth $4-6 and it might save me a trip to buy one. Plus, there is no expiration date on them.

I also looked for tools, but almost never found any.

Once, though, I found a large artificial Christmas tree in a house we had bought at a foreclosure auction. We used it for years.

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#460246 - 01/06/18 09:17 AM Re: Most common items found at an REO [Re: Traveler]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1089
Loc: Virginia
In my case, I certainly don't pass up anything that has a usefulness. I'm a re-cycler and a lot of my wood furniture is vintage and the real stuff (mainly because to purchase REAL wood in this day and age costs much more than the particle board stuff they make now). And, with vintage, it looks like I've had it for years. A ding or scratch just gives it character.

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#460337 - 01/11/18 08:46 AM Re: Most common items found at an REO [Re: Traveler]
King Arthur Offline
Junior Member

Registered: 01/09/18
Posts: 4
Loc: MICHIGAN
The worst thing I found at an REO was an abandoned dog. It took 3 days of giving him food & water before it would trust me enough to let me come inside.
A friend adopted him and he's doing well!

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#460338 - 01/11/18 09:12 AM Re: Most common items found at an REO [Re: King Arthur]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Originally Posted By: King Arthur
The worst thing I found at an REO was an abandoned dog. It took 3 days of giving him food & water before it would trust me enough to let me come inside.
A friend adopted him and he's doing well!


That's a great ending to a really bad story. Good on you for having a heart. I hope I do the same if/when I am confronted with the same circumstances.

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#461632 - 06/07/18 12:53 PM Re: Most common items found at an REO [Re: Traveler]
MountainBPO Offline
Member

Registered: 05/05/07
Posts: 186
hypodermic needles, cocaine, meth cooking rigs, the corpses of thousands of insects

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#461633 - 06/07/18 12:57 PM Re: Most common items found at an REO [Re: Traveler]
MountainBPO Offline
Member

Registered: 05/05/07
Posts: 186
i have also come across several copies of N'Sync's No Strings Attached on CD for whatever reason.... i guess no love for Lance Bass

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