Phoenix thieves

[Account Closed]

Theft of fixtures becomes major risk in foreclosures

http://www.azcentral.com/community/ahwatukee/articles/2009/09/08/20090908junkyhomes0908.html
That AZCentral.com article describes some problems with foreclosures in Phoenix, AZ,
"Julie Halferty, a special agent who oversees the Phoenix FBI Mortgage Fraud Task Force, said no one knows exactly how many foreclosed houses in the Valley have been stripped by former owners, neighbors or strangers.

Those who work in real estate believe the number is in the thousands.
"Without question, probably 85 to 90 percent of houses on the market under $200,000 have been stripped," said Tempe real-estate agent Kim Baker. ..."

If you are considering buying a foreclosure without seeing it first, or having someone you trust go through it, maybe reconsider.

Ofgift