Posted on: 18th May, 2012 07:33 am
hi, i am in the process of a deed in lieu of foreclosure. i was just wondering what property i am allowed to take out of the house. i want the refridgerator, dish washer and a lamp in the kitchen. i have stuff to replace it if thats the issue, but wanted to make sure i am able to take it before i do so. thanks!
Real estate law defines anything that is affixed to the property as real property, and not personal property. Generally refrigerators are personal property, but anything literally bolted, or otherwise hooked up to the property such as a dishwasher, would stay with the home, as its real property. Lets say you purchase a dishwasher out of your own funds, it sits in the garage. That is personal property. But once the unit is affixed and installed into the home, it converts to real property. Lamps that are not permanently attached are also personal property. It is rare, but lenders have sued homeowners for taking property from the home, that did not belong to them. Good luck-
Hi elmokree,
Those items which are not affixed to the property can be taken off by you. But it is always a better option to contact your lender and take his opinion in this regard.
Thanks
Those items which are not affixed to the property can be taken off by you. But it is always a better option to contact your lender and take his opinion in this regard.
Thanks
