Legal Question in Real Estate Law in Florida
personal property/appliances during foreclosure process
Is it legal or not to take some or all of the appliances in a home that is in the process of foreclosure if you vacate the home prior to the sale date. Does that property in fact belong to the homeowner at that point, or does it belong to the finance company?
1 Answer from Attorneys
Re: personal property/appliances during foreclosure process
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No, the property does not belong to the homeowner as the appliances are included as collateral under the mortgage. If you remove the appliances you are taking property that was given as security in order to obtain the mortgage.
Scott R. Jay, Esq.