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Want to know what a foreclosed house looks like?

Posted by: Dean Foust on October 10, 2007

Like this. This is what the banks get back after they foreclose and take back the property. Good luck trying to sell this without another $20,000 in repairs. I’m trying to track down the address of this property and how much the bank is asking and will post an addendum if I can…

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Reader Comments

Brandon W

October 10, 2007 08:09 PM

There needs to be a law that would prosecute the former owners for destruction of property. Before anyone claims that this was their property until the bank takes possession... all I can say is... try not paying your property taxes for three years and see who *really* owns that property.


October 11, 2007 11:45 AM

Was this house taken over by Gangsters or did hoodlum kids break into the house to spread their graffiti.

Jim D

October 11, 2007 02:02 PM

Foreclosed? Or a rental gone bad?

They left the fridge and the washer/dryer - that's not usually a foreclosure action, is it? That's an eviction action.


October 12, 2007 07:03 AM

I would be lying if I said I was surprised. Too bad society has hoodlums or bitter renters who do stuff like this, but take this example and multiply by 5 million and we begin to see the real problem here. Large numbers of housing for which there is no need or demand, quite a few which will ultimately be destroyed.

BTW, my parents bought a foreclosure back in the 1980s with similar damage.


October 12, 2007 05:01 PM

20K in repairs? I'd guess 40K.


October 13, 2007 01:23 PM

Welcome to the world of the appraiser. Vacant, cost to cures and Foreclosure stigma.

Just one more in a thousand for us.


October 14, 2007 11:55 AM

Ive seen worse.
Thats just gang graffiti, and a few holes in the sheetrock.

A few hundred in sheetrock repair and a few hundred for paint, and windows, and its good as new.

I just signed a contract on a home that was way worse than that.

They ripped all the electrical outlets from the wall, punched holes in all the walls. and they left their dog in for a week or two, so he could poop in every room, and they left food everywhere so the whole house would get infested with roaches.
The roach poop behind the stove is about 2 inches deep.

But at the price Im getting it for, its a deal. exactly 1/4 of what is sold for in 2000. Before the bubble even started.


October 16, 2007 10:28 AM

Here's the details of the listing:
City: Las Vegas

Asking Price: $189,000
Near Lake Mead and 95. 3 bedroom 3 bath built in 1991 2 car garage 1700+ sqft Huge 40% off - Sold in 2006 for $312,000

This is a major rehab Interior was vandalized, most of the damage is drywall and interior doors. Not too far from Summerlin, very close to Shopping, schools, and freeway

Remarks Bank- Owned Foreclosure! As-is Condition! Close freeway access, near shopping, schools, bus stops, park, dog run park, restaurants, everything!!!


April 24, 2008 05:33 PM

I am going thru a foreclosure and friends kid about trashing the house before we are made to leave, but i raised my kids in this home and always kept it clean and liveable for them. I can't imagine trashing my house before leaving, it would break my heart, as i feel as if i am losing a loved one by losing my home. i will admit to removing personal items i've added such as ceiling fans, fancy lighting fixtures, but hopefully i will have time to replace with originals i took off. both houses to the right and left of mine are foreclosed homes and have been trashed by owners and vandals.


August 21, 2008 03:27 PM

HAHAHA. Great work comrades. People need to do this times 10 to every foreclosed home. F&ck the banks and the greedy profiteers who put profits over people. Rotten chicken in the walls really goes a long way!


September 10, 2008 07:06 PM

Now our tax $'s are being spent to help these people save their homes???? Did they really deserve such a nice home? A house is something that you work for, not a gift in life. READ CONTRACTS!!! If you can't read, you are probably in a job that doesn't pay enough to afford this type of housing.

Roger B

April 10, 2009 09:30 PM

This home is obvious that it was not damaged by the owners, but in fact was probably done by hoodlums that broke in. Notice all the appliances and light fixtures as well as ceiling fans are still in place. If a homeowner was going to do this damage they probably would have taken out anything of value and then damaged the home.


August 7, 2009 08:12 PM

that's nothing! just hole patching and some paint. they even left the fridge, oven, washer dryer. That's awesome! they're pretty amateur if you ask me :)


September 9, 2009 04:37 AM

right or wrong you puppets always see so one sided. i bet you haven't been in their shoes and experienced their desperation....oh yeah you wrote these comments before the second wave of massive corporate influx further caused more foreclosures. Shame on most of us americans whom let our banks, wall street, government, appraisers, brokers, real estate agents, greedy f-n politicians dictate how our life should be....oh thank god for another corporate brainstorm...HOA'S


September 9, 2009 04:45 AM

dear READ the CONTRACTS i'll bet your the same person that goes into a business and bitches about the prices and demands discounts and makes sure that everyone is miserable in YOUR purchase. Once again a lifeless puppet that would serve us better as servant than a spokesman for the way i live in gilbert az if you would like to chat ftfyp

brian g

September 9, 2009 04:54 AM

as i am heartsick over your situation you are just as bad as the people that destroy the homes they fell in love with on the showing....but good for you for not allowing someone to completely profit on your misery, gby


January 27, 2010 03:02 AM

" i think this plan is great! I live with my family in our current home that we rent. We just recently found out that the owner let the home go to foreclosure. We were working really hard to make the payments for him to go pocket our hard earned dollar. We are American Citizens we have to making a stand for the main bloodline of our country and stand up for the common people. However I truly oppose any of these savage ways for ruing homes. This is not the right way it just goes to show that people need another way out.


March 22, 2010 08:57 AM

This kind of attititude is unacceptable. it is not the banks fault that we lose are homes . It is Us for non payment , the economy for leaving us with no jobs.
Just leave quietly and decently!

Thank you for your interest. This blog is no longer active.



BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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