This month's challenge has asked us to relay some transactions that needed solutions and ideas to get to the closing table, and this one took some digging!
Early in my career, somewhere around the 5-year mark, I had a past client that was a pastor of his church, and this family needed to sell their home, as they were deep in debt and nearing foreclosure, and knew my client had the money to buy their home.
My client called and asked if I could do this transaction, and not put it on the MLS, just work with the FSBO and him to close it before the homeowner went into foreclosure. Of course, I could do that.
Then, I get a call from a "lawyer", and he was representing the Sellers. Problem was, he was not a real estate attorney, and don't remember him ever having the credentials of an attorney. Anyway, he wanted to know the details, so we could both move forward to get this home sold, before it went into foreclosure.
Upon receipt of the O & E, I found a habitability lien on the property. I called "the attorney" to see what he was going to do to remove it, and he had no idea what it was, or how to remove it. So, called my broker, and she had never heard of it either. I called a few more brokers who had years in the business - NO ONE had seen this issue in their career.
So, I called the City of Denver to see if I could find out WHAT it was, and how to get it removed prior to closing. He said the home had a backed-up sewer line, with sewage floating in the finished basement, and hence why the lien had been placed on the home. The head of this department said the buyer would need to remedy the issue prior to closing. I had to tell him, the buyer has to sign a form stating he did NO work to the home prior to closing. We talked a bit more and said I thought I had spoken to him in the years I was with Safeway. He asked me where I had worked, and he said he wanted to call someone and would call me back.
He checked with the officials at Safeway, and heard I had been well-respected at Safeway, and would sign off, if my buyer would sign a form stating he would remedy the issue after closing. I assured him, he wanted to remodel the home, and "flip it" and definitely would remedy the issue.
He signed off on the lien, and we closed. Never knew my 20 years at Safeway would assist in issues in a real estate transaction!
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