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09/12/09
Theft of fixtures becomes major risk in foreclosures
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:26 pm

With a $165,000 price tag, the two-story, four-bedroom house for sale in Avondale was a steal.

Three years ago, when the house was new, a family paid $416,000 for it.

But its soaring living-room ceiling, whirlpool bath, three-car garage and pool with a slide and waterfall weren’t enough to make it much more than a handyman’s special. Thieves made off with the home’s $30,000 custom-kitchen and other fixtures after it went into foreclosure.   more…



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