Uncooperative Tenant blocks Short Sale efforts - home likely to go into foreclosure
We are working with a lot of short sale sellers in Sun'n'Lake of Sebring and have been very successful in obtaining good offers and bringing the transaction to closing for our clients.
Sun'n'Lake is a popular neighborhood close to medical facilities, schools, shopping and every convenience Sebring has to offer. The SNL district has its own security force, fire department, 2 golf courses, community pool, tennis courts, lakes, playground, clubhouse, restaurant, paved biking and hiking trails and is a very well maintained community. It's not hard to find buyers for homes in Sun'n'Lake.
We listed a beautiful 4 bedroom home for sale in a very quiet and tranquil area of Sun'n'Lake. The home was built in 2007, has a very pleasing floorplan and is very well maintained. $110,000.
The home is tenant occupied. We always make every effort to accomodate tenants and their work schedule to facilitate showings. We met with this tenant shortly after taking the listing to make arrangements to take photos. The tenant was to call us to let us know what time is good for her. No phone call. None of our calls were returned either. We left notices on her door, no reply from the tenant.
After 4 weeks, we were finally allowed to access the home to take photos and measurements. We took the measurements, to avoid being fined by our local board, but declined taking photos. While the home is clean, there is clutter everywhere. It was hard to make out the breakfast bar in the kitchen.
We were not able to reach the tenant for showing appointments and missed out on several potential buyers. We have worked with the landlord/owner to resolve the problems with the tenant. He pays a property management agency to collect rent. The property manager was not very responsive at first and it took several letters and phone calls from the landlord to get her to cooperate.
The property manager states she has taken the tenant to see several other rental homes but that the tenant has made no decision. We talk to buyers and sellers every day and after while you get a pretty good idea of one's motivation to buy, sell, move or rent. This tenant has no plans to move out of this home unless served with a notice to vacate by the Sheriff.
Meanwhile, the property, which could have sold already, is sitting on the market with lots of interest but now way of selling to anyone. It appears to us that the landlord has resigned to the fact that his property will go into foreclosure because the tenant does not cooperate with anything.
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