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arson to avoid foreclosure

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bishop

Thread Starter
Freshman Member
Joined
Jun 27, 2007
Professional Status
General Public
State
California
wow! what are these homeowners thinking?
abc is featuring a segment on "arson to avoid foreclosure".
in california arsons have risen 50% from last year.
 

Mike Plumlee

Junior Member
Joined
Feb 21, 2007
Professional Status
Certified Residential Appraiser
State
Texas
One of our Texas Supreme Court Justices was going to be indicted here in Houston for arson of his own home ... until the DA stepped in and dropped charges. The grand jury was set to bill and the DA stopped it. Course our DA is also at risk of indictment for something else.

But our SC Justice was way in over his head on finances and the arson investigators had evidence he torched his own home to avoid losing it. It is becoming the solution de jour.
 

Bama Bayou

Senior Member
Joined
Oct 19, 2006
Professional Status
Certified General Appraiser
State
Alabama
I was looking at some acreage with a friend of mine several years ago and we got stuck in the mud. Tried to get out using some scrap lumber from a nearby subdvision. We put the lumber under the tires and the friction caused a spark which caught the grass under the truck on fire.

While we watched his truck burn to the ground, one of the guys from the local VFD said "usually when we see that someone's behind two or three months on their payment".

Instead of three alarm fires we may start having 3/5 Arm alarm fires.
 
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