Comments on: Why Buying Properties at Sheriff Sales in Minnesota is a Bad Idea http://www.minnesotainvestmentrealestate.com/buying-property/why-buying-properties-at-sheriff-sales-in-minnesota-is-a-bad-idea/ How to find, buy, and own Minnesota investment property. Thu, 20 Nov 2008 22:15:24 +0000 http://wordpress.org/?v=2.6.3 By: Scott Ficek http://www.minnesotainvestmentrealestate.com/buying-property/why-buying-properties-at-sheriff-sales-in-minnesota-is-a-bad-idea/#comment-67 Scott Ficek Sat, 19 Jan 2008 16:21:44 +0000 http://minnesotainvestmentrealestate.com/minnesota/why-buying-properties-at-sheriff-sales-in-minnesota-is-a-bad-idea/#comment-67 Nope. You legally still have all the rights as the owner of the house. You could paint it pink, remodel it, even sell it. It doesn't happen often, but I do see it. Usually it is not about the materials (furnace, cabinets, etc), it is about the owner being frustrated at the system/bank and wanting "to show them". Rumor has it that they bank can sue the owner for the damages, because it does violate the clause in the mortgage that you must maintain the house in livable condition, but I can't imagine the bank ever does that as they are already taking it back. Nope. You legally still have all the rights as the owner of the house. You could paint it pink, remodel it, even sell it.

It doesn’t happen often, but I do see it. Usually it is not about the materials (furnace, cabinets, etc), it is about the owner being frustrated at the system/bank and wanting “to show them”.

Rumor has it that they bank can sue the owner for the damages, because it does violate the clause in the mortgage that you must maintain the house in livable condition, but I can’t imagine the bank ever does that as they are already taking it back.

]]> By: Eddie http://www.minnesotainvestmentrealestate.com/buying-property/why-buying-properties-at-sheriff-sales-in-minnesota-is-a-bad-idea/#comment-66 Eddie Sat, 19 Jan 2008 15:22:40 +0000 http://minnesotainvestmentrealestate.com/minnesota/why-buying-properties-at-sheriff-sales-in-minnesota-is-a-bad-idea/#comment-66 is it illegal to remove a furnace from your (formerly) house in the redemption period? seems like quite a scam.. is it illegal to remove a furnace from your (formerly) house in the redemption period? seems like quite a scam..

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