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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Hayward Bryant Jr
  • Oxford, GA
1
Votes |
10
Posts

Seller is leaving a house full of junk!! And a decent truck....

Hayward Bryant Jr
  • Oxford, GA
Posted
Hi everyone!! I'm under contract to purchase a single family home for a fix and flip. To make a long story short, mom moved out of town, left the home to the son, son trashed it, left the house loaded with junk, and moved out. In the garage is a truck that's been sitting up at least a year. Decent truck, but not great. It's loaded with spiders, spider webs, and such. Despite the current condition of this truck, it's just nice enough to have a note that's not been paid, and a possible lien. In the contract, whatever is left after closing will be mine. I don't mind having cleaning up this mess, but what happens if money is owed on this truck? Will it too become my debt? Help me out guys and gals.....

Most Popular Reply

User Stats

251
Posts
290
Votes
Paul Bowers
  • Real Estate Investor
  • Macedon, NY
290
Votes |
251
Posts
Paul Bowers
  • Real Estate Investor
  • Macedon, NY
Replied

The truck belongs to the bank.  Chances are its upside down.  Call the bank and tell them where it's at, they'll come repo it. (fill the bed with junk first and it's like a free dumpster rental!!)

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