the grandparents & their daughter (age 21), & her 2 children (ages 3 & 5)
The children were playing catch in the front yard & the adults were sitting on the porch. Frank carefully without being noticed took pictures of the property for the exterior BPO, documented the condition of the property & the residents. He submitted the BPO as required.
Several months passed by & the Bank requested several occupancy checks, Frank conducted these checks & the residents continued to reside there.
After a period of time, the bank sent Frank an offer to the homeowners for Cash for Keys or also known as Relocation Assistance.
The Banks offer was $2K to have the Homeowner move out in 2 weeks & leave the interior of the property broom sweep & clean, & all trash in the yard to be removed. The Homeowner would have to leave all attached items & appliances with the property & remove all their personal property from the premises.
Frank approached the homeowners at the property with this offer & knocked at the door. He could tell instantly the noise in the house the property was occupied. He continued to knock for a couple of minutes & no one came to the door. Frank saw a neighbor across the street & approached him; he asked John, “Are the homeowners still living in the house”? John replied, yes &
They keep to themselves!
Frank repeated this Cash for Keys request on 2 different occasions & the same results occurred!
He made a 4th attempt & finally made contact with the Homeowner’s. The Grandparents were not receptive to the offer & told Frank to get off their property, now! That they have occupied the property for 14 years & were not going to communicate with Frank or the bank!
Once the Bank starts the foreclosure process, the process does not stop even when the Cash for Keys has been offered; the courts still proceed with the foreclosure!
Time marches on & the eviction process continued, the sheriff continued posting the eviction notices on the homeowners front door. The eviction notice clearing stated the eviction date & time.
Franks assembled a trash out crew (vendor) to remove all the personal property from the exterior & interior of the property. This trash out crew usually consists of 8 to 10 people that can move all the items out of the house within 1 hour. The crew will put all the personal property on the curb or where ever the Sheriff instructs them too.
The date & time arrived for the eviction, at 10AM, Frank, Sheriff, & the trash out crew arrived at the REO asset. The Sheriff knocked on the door & identified himself on 2 different occasions. The homeowners opened the door and to their surprise, the Sheriff informed them that they would have to vacant the house immediately & their personal property would be removed. The Grandparents were screaming at the Sheriff! The Sheriff ordered their removal & they complied. Within minutes the Daughter & her children emerged from the front door. The daughter was screaming at the Grandparents, “You never told me about this”! The children were crying and asking the mother, “Why are the police here”?
The Grandparents did not inform the daughter or the children of the pending foreclosure.
The entire family complied with the Sheriff’s order to withdraw from the property. The Sheriff explained to the homeowners that all the personal property would be left on the curb and it was their responsibility to secure it & protect it.
Within an hour the trash out crew completed the removal process of the personal property. The Sheriff finalized his final inspection of the residential property.
The locksmith rekeyed the front & back doors of the house and made sure the entire structure was secure.
The owners rented a U-Haul truck to remove their possesses from the curb and Frank never heard from them again,
The REO property was listed with Frank & sold within a short period of time.
The point of the story is the Homeowners may ignore the foreclosures process, but the process does not stop!!
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