The Lender Has Locked me Out of My Listing !!!
I just read this post by Realtor Michael Perry that should make stagers sit up and take notice. If you stage unoccupied rentals, this could possibly happen to you. It's something to discuss with your attorney and determine how you can protect yourself if you supply furnishings as part of your staging services.
I just had to write about a first time experience that happened yesterday. It has been very cold in PA this week ! And a national lender has had a contract vendor scoping out a number of delinquent mortgage accounts to determine if they are still owner occupied. Well my sellers moved out of my listing several months ago and when the bank vendor inspected the property he determined it was abandoned(unoccupied). He went in and winterized the property(thank you), but also changed all of the locks !
This brings me to my current dilemma. We just had a Short Sale buyer withdraw from a possible sale on this property and I now want to relaunch the listing in the MLS. But I'm locked out ! I immediately informed the sellers that I'm locked out and so are they ! They have authorized me to regain entry for me and for all future MLS activity. My next step is to enlist a locksmith to yet again change the locks so I can regain entry.
My purpose in writing this is to inquire if any of our AR members have had similar experiences. Additionally I'm very open to any advice you would have for me (in this circumstance). It is crucial for the sellers to end their house problem in a SS as opposed to REO/Foreclosure ! I eagerly await your wisdom !
Michael J. Perry
Keller Williams Realty Lancaster
www.LancasterRealEstateValues.com
1630 Manheim Pike
Lancaster, PA 17601
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