Watching out for your neighbors.

By
Real Estate Agent with Sibcy Cline Realtors®

  Do you watch out for your neighbors? There is a lender owned property that is is an area where I own property. The property was let go and has some damage so in my opinion and that of the listing agent it is on the market at about twice what it should sell for. Yesterday as I was driving past I saw the front door open and no cars neer it. I called the listing agent and left a voice mail. I went to the front door to look in and saw a blanket on the floor of the main room.

  I did not enter the property as that would be the job of the listing agent or the police. When he called I let him know what I found and he said the he would call the police and meet them at the property. He also said that he would let the asset manager know that the property need the front door repaired as it was kicked in.

 At this point he is hoping that the lender will drop the price so that maybe the property will sell. I already know of a prospective buyer if the price is right!

Comments (1)

Steven Shewell
Primary Residential Mortgage, Inc. - Ephrata, PA
The Mortgage Maverick
Way to go, Jim.  I used to have a property in a neighborhood near me in the same condition.  I ended up buying the property after the squatters were forced out.  You can never be too careful with run down properties.  They attract too many questionable characters.
Jun 08, 2007 12:28 AM