Since 2008, my team has worked with over 30 different banks and loan servicing companies and have had our share of dealing with foreclosures. In fact, in the Inland Empire, I've dealt with more foreclosure assignments than the majority of agents. It is for this reason that I have a wide variety of experiences.
I'll share here just a small few of the numerous experiences I've had.
When we receive a new assignment from a bank, the first thing that needs to be done is an Occupancy Check. My son Ryan and I have done 100's + of these over the past few years and even joke about how we are the evil bank rep just like the mean old lady in the Wizard of Oz. We knock to see who lives there and begin communicating with the occupants, often times negotiating a Cash-for-keys to help them move. Once such check was in a nice, newer development in North Perris. As I arrived, I saw balloons, streamers, a large kid's jumper and numerous children running around playing. It was obvious that there was a party going on. But I had to make contact, no matter what festivities were happening. These are the times that I hate my position as the "evil bank representative" but I had no choice. To make a long story short, the occupants were renters celebrating their adorable little daughter's 10th birthday. They had been forced to move from their previous rental after finding out it had been foreclosed on. They found this great new home and contacted a Realtor to have the home checked out because of the previous situation. Unfortunately, because of their poor credit, they were forced to come up with a substantial security deposit plus a pet deposit and first & last months rent. Apparently, the owner just didn't want to take a chance on getting deadbeat renters. The family was excited and emptied their bank account in order to get into this great home in a great neighborhood. They moved in June 1st, the home was foreclosed on June 7th, and I arrived on June 8th. There was weeping. They cried, the little girl cried...and, yes...I cried. I drove away wanting to hunt down that previous owner and do bad things.
With bank foreclosures, we need to do Monthly Management Reports and several banks require weekly checks with updated pictures. On one such visit to a listing in Redlands, I unlocked the deadbolt and then unlocked the door handle, but couldn't open the door. I found the deadbolt was still locked so I again unlocked the deadbolt and tried to open the door but then found the handle locked. I stepped back and though, "am i crazy?". So I unlocked the door handle slowly and as i did, I could hear the deadbolt slowly turning and locking. Someone was on the other side of the door. The hair on the back of my head stood straight up and my heart started racing just a little faster. I stepped back and called out advising the person on the other side of the door, "I'm going back to my car and calling the police and they'll be here in about 5 minutes so I suggest you gather whatever you have and leave through the back door before they get here." As I was standing at the street by my car, I saw a very large figure leaving through the backyard in a rush. When he saw me taking pictures of him, he yelled for me to stop and then began rushing towards me telling me to "gimme that camera". He stopped when I brandished my 9mm. Thank goodness I'm an ex cop.
On another monthly inspection in a not-so-good part of San Bernardino, I arrived and thought I may have been at the wrong house because the sign was gone and my window posts were missing. As I walked up to the front door, I heard a TV on and someone washing dishes at the sink so I went back to my car and called the office to make sure we still had the listing. My assistant advised me that there were no changes in the REO portal. It was still our assignment. I called San Bernardino P.D. and was apprehensive because I know from experience that this could go either way. I knew that the police may try to "kiss it off" and call it a civil matter. When the officer arrived I was happy when he asked me, "what do you want me to do?". I asked him to just stand behind me and look tough while I knocked on the door. When the door opened, I pointed and used my sternest voice when I commanded, "YOU! Out here and sit on the brick planter!" When he started to speak, I yelled "NOW!" and he complied. Then his wife came to the door and I gave her the same command which she immediately followed. I told them both to give all their personal info to the officer. When I came back out from looking through the house, the officer had them both cuffed. He smiled and said, "Warrants. Both of them".
These are just a few of the stories I could tell after 20 years in Real Estate. Aside from finding homes for horses, livestock, cats and dogs that were left at REO properties. I've also been chased, cussed at, spit at (they missed), confronted by gang members, threatened and attacked by animals. Sure am glad I got out of Police Work to do "safer" work. Geesh!