Foreclosures

So many things have happened in the last couple of months that have kept me from blogging. I am going to try to keep up on it better in the future. This year I started working with ING Bank foreclosures. I have 3 listings currently with them...one is in escrow. It is an interesting process that I will update my blog with as new experiences happen. Out of the 3, there was only one situation that wasn't fun. There were tenants in a home that the owner quit making payments on a long time ago. I have doubts that the tenant had made rent payments, so we needed them to move. There is a program that offers tenants or owners cash for their keys.......called Cash for Keys. The tenant was so sure the bank would come back and sue them.......so they didn't take the cash. Very sad as the bank was willing to pay them $3,000. One of the other foreclosures had owners living there. As soon as we made contact, he agreed to the cash for keys and he was gone in a couple of weeks. The third foreclosure, the owners moved out months before......so very easy to take ownership. The house was very neglected. All three homes were left in great shape. I was going to list a foreclosure home about 3 years ago.....and the owners had trashed the place so bad you couldn't tell where the master bathroom was. Everything including the toilet were removed. I don't know the whole story, but to trash a home that bad.....is difficult to understand. I didn't take the listing as the previous owner's were starting to harass me. After seeing what they did to the house.....I wanted to stay away from that listing.

My next post I will post about a home I just closed on in Leisure World. I also address why I left HOM Real Estate to work for McMonigle Group.

Hope you are enjoying your day.

Sincerely,
Lisa