Why do banks remove appliances from REOs
So, I've looked at many REOs and they have all had the Appliances removed; I always assumed that the previous owners took them to salvage what they could before the foreclose.
Recently there was a property in my neighborhood that was being foreclosed on and when the tenants moved out some contractors came in to clean it out; I noticed that not only did they clear out the furniture and other items left behind they also removed all the fairly new appliances from the property as well.
I don't understand why the bank would do this...