About We have seen numerous stories where homeowners facing foreclosure have removed appliances, fixtures and even the copper plumbing and wiring before they finally leave the house.
I suspect that these actions are for two basic reasons: one is simple economics. They believe they may recoup some of their losses. The second reason is revenge. They believe the bank damaged them and they in turn want to damage the bank.
No matter what the reason, the cost of correcting the damage is immense.
Nevada Assemblyman Peter Goicoechea introduced a bill that would make the willful damaging of a property in foreclosure a felony.
According to the bill, anyone who occupies a home, including the borrower or even a tenant, can be charged with a felony if they damage the property while in the foreclosure process. Authorities would have to prove the vandal had personal knowledge of the pending foreclosure or any judicial proceeding.