Denver Home Market – The sales involve homeowners selling everything inside just days before it goes into foreclosure.
While a house does belong to a homeowner until it goes on the foreclosure auction block, there is a state law that says it’s illegal to defraud a creditor.
If you sell fixtures out of your foreclosed upon house, you can be sued. You can be charged with a felony or multiple felonies.
A class three felony carries a maximum of 12 years in prison.
A person who strips a home ahead of foreclosure could also be charged with criminal mischief and theft, according to Denver District Attorney Spokeswoman Lynn Kimbrough.
She says prosecutors will look at any case brought to them by police. People buying the merchandise will likely not be charged as long as they did not know they were buying items considered stolen. However, even if they paid for the items, buyers could be required to return them. Buyer Beware!
Posted by: Jeffery McClintock
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