You've gotta love it......
So we have a listing that's been on the market over 400 days. We've submitted a couple of offers and they have been countered about $150,000 higher than the current offer at that time which was lower than the offer described below. There's an IRS lien and a couple of other liens plus a hard-money 2nd. We got a very fair market offer considering the condition of the property which we submitted some time ago. The Buyer had filed BK but was long-ago discharged.
There is NO Trustee Sale date, nor is there a TS planned in the future (per Chase)
A few weeks ago, Chase Property Preservation took over the property, changed the locks, and drained & covered the pool with a wooden structure. There are no lockboxes on the property even though they provided combo codes to me.
Today, I got a counter that was $250,000 higher than the latest offer which makes it $85,000 higher than the last counter offer received a year ago. I laughed when I got this verbal counter from Chase - the property is simply not worth the $$$ they are looking for.
But here's the catch,,,,, the current buyer wanted to see the property again to determine whether they want to increase their offer. Guess what? We can't get into the property! So, it is sitting there rotting away in the Desert Sun at 101 degrees (today).
I think this gets classified as Chase is actively interfering with the sale of the property.
What do you think?
BTW, I can't reach anyone at Property Preservation...............
Replies to This Discussion
-
Permalink Reply by Tni LeBlanc (805) 878-9879 on
-
Wow Thom,
Take a hint will you?
I would say mail them the keys but they already have them...
Tni
-
-
Permalink Reply by Thom Colby CA Brkr 888-391-5245 on
-
LOL !!
-
-
Permalink Reply by Ben Benita on
-
banks DO have the right to chagne the locks and secure the property even BEFORE the foreclosure sale. if this is the case, you should be able to call one of the higher ups to find out who to contact for access.....just a thought
-
-
-
I know but when I spoke with preservation 2 weeks ago and they gave me (what they thought were) the combo codes - but guess what ... no lockboxes anywhere on the property. And, this is is a very upscale area so I doubt they were removed by vandals - the place is locked-up tighter than a prison!
-
-
Permalink Reply by Laura Marshall on
-
Ok..I have to laugh with you. I just had the same problem. The property was vacant more than a year, and Chase changed the locks. I went to the property and none of the combo's they gave me worked. (The property is a 45 minute drive from the office - in So Cal too). They said the box must not be theirs, even though it is their property preservation company info in the window. I finally reached someone in property preservation, and I was told that they would put a new lockbox on. The following week I went to the property and...yes...there was another lockbox on the front door BUT the box was empty. They offered to mail a key to me, but since a previous lock change was done, they doubted that it would open the door. After several more attempts, they scheduled a "meet & greet", where they would do another lock change and hand me a key. The property preservation people called from the property and said they only have permission to change 1 lock, and not the font door...lol. They never called me to tell me they were going to the property. They went through the garage door in the back yard. I had to tape the door from the garage to the house, because there is no key for that door, and the lock still worked. I finally got in...LOL. Next time, I will just have a locksmith meet me at the property and do my own lock change.
-
-
Permalink Reply by Kevin - Greenville, SC on
-
Most Mortgages contain clauses that say what the Lender can do to protect their interest if abandoned. Vacant does not necessarily mean abandoned.
-
-
Permalink Reply by Jeff Payne on
-
I have about 400 keys that will fit just about any of these homes. Thom are you working with the seller? If you are working with the seller, get their permission to change the locks back. I carry a very large set of slip joint pliers that grip the door knob very well, a few twists and you are in.
-
-
-
Hi Jeff - Yep, I have a huge ring of keys too but nothing works. The counter-offer is a foolish amount above FMV.
-
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons