As many might know, I specialize in selling foreclosures in the East Texas area (Tyler, Chandler, Lindale, Flint, Ben Wheeler). I recently received a new REO (foreclosure) listing and had to determine occupancy status.
I visited property on a Saturday and felt like it was currently occupied but couldn't be 100% sure so I decided to go back during the week. I revisited on a Monday and noticed that it was probably occupied so I knocked on the door and slid the envelope (with the Cash for Keys - CFK info) into the door. As I was pulling out of the driveway, the homeowner came out so I got out of my door to introduce myself and explain what was in the the envelope and her options (eviction if CFK not accepted). I also left my business card for homeowner to call me with any questions.
Fast forward to a few days later with no contact from homeowner so I decide to reach out to the previous listing agent. Property was recently in the MLS as a short sale. The listing agent, re-explained everything to homeowner.
Two weeks later, the homeowner is still in the home that is now owned by the bank. I am trying not to be insensitive since it is so close to the holidays but I am having a hard time understanding why someone would not accept the CFK and use it for relocation assistance. Is this homeowner in denial?