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This would be bad if an innocent buyer found themselves in this situation but for a real estate agent to have put herself into the position of closing and paying in full in cash without checking to make sure the house was vacant is ridiculous. I'd be curious to see if she has signed a single client since the story broke.
We won a tax lien in New Jersey unexpectedly ..all we anted was the 18% interest . We never planned on the house .
People always find a way to pay it off
Well the owners never paid and we got the house .
The owners wouldn’t leave so we had to start eviction...that took almost a year .... then coincidentally the house is vandalized and gutted ....we had no proof it was the old owners but we are sure it was l
Then because they left a lot of stuff behind under state law we had to store it for six months and then it is ours .
So we had to pay to have it moved , stored and then cleaned out .
This was a disaster..... luckily my partner was a builder so we did rebuild it but I would never buy a tax lien again
We won a tax lien in New Jersey unexpectedly ..all we anted was the 18% interest . We never planned on the house .
People always find a way to pay it off
Well the owners never paid and we got the house .
The owners wouldn’t leave so we had to start eviction...that took almost a year .... then coincidentally the house is vandalized and gutted ....we had no proof it was the old owners but we are sure it was l
Then because they left a lot of stuff behind under state law we had to store it for six months and then it is ours .
So we had to pay to have it moved , stored and then cleaned out .
This was a disaster..... luckily my partner was a builder so we did rebuild it but I would never buy a tax lien again
Always amazed how people who feel entitled to a house or rental and resent the people they owe money to. They're bitter they weren't cut another break. To me anything other than a few months behind for specific reasons is fraud. A lot of these eviction processes take over a year.
I couldn't live in a home knowing I will eventually have to leave and one day the sheriff might come knocking on the door and I'd have to leave that day. That's a sociopath otherwise known as a criminal
Had one foreclosure in the neighborhood where the previous evicted owners poured concrete into metal objects. They filled old school metal filing cabinet drawers among other things. The new owners tried putting one drawer out a week after municipal trash wouldn't pick it up in regular trash pick-up. They wound up paying for removal.
Always amazed how people who feel entitled to a house or rental and resent the people they owe money to. They're bitter they weren't cut another break. To me anything other than a few months behind for specific reasons is fraud. A lot of these eviction processes take over a year.
I couldn't live in a home knowing I will eventually have to leave and one day the sheriff might come knocking on the door and I'd have to leave that day. That's a sociopath otherwise known as a criminal
Had one foreclosure in the neighborhood where the previous evicted owners poured concrete into metal objects. They filled old school metal filing cabinet drawers among other things. The new owners tried putting one drawer out a week after municipal trash wouldn't pick it up in regular trash pick-up. They wound up paying for removal.
But that sense of entitlement then resentment.
I believe there is an element of our society that believes in entitlement and uses it to their advantage.
There was a couple (college educated, professional people, not low life bums) in my previous neighborhood who bought multiple homes, all of which were foreclosed on. The last one took four years, during which time they continued to live in it until they got divorced. The wife and kids stayed there after the divorce, then she moved out and bought another home nearby (how I have no idea.) The husband continues to rent the house out for several years until the bank finally showed up and gave the renters 24 hours notice. Within two weeks it was cleaned up and on the market.
A business property she bought was foreclosed on. Both have filed bankruptcy (personal and business) and have Federal tax liens.
My observation is that it's like a game to these people and will continue until lenders cut them off completely. Meantime their shenanigans add to the costs that responsible borrowers have to incur.
Buyers may have come out ahead financially in the end (or close to even)... 15 months is a huge appreciation in this wild RE market. Inconveniences aside, they can turn around and sell it much higher immediately!
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