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Updated about 5 years ago on . Most recent reply

User Stats

27
Posts
7
Votes
Mark Robert
  • Rental Property Investor
  • West New York, NJ
7
Votes |
27
Posts

What would YOU do in this scenario?

Mark Robert
  • Rental Property Investor
  • West New York, NJ
Posted

What's going on BP - 

I recently won an auction on HUBZU for a bank owned single family property. The seller accepted my bid and we are currently under contract. However, after the property was put under contract the door lock was removed. Anyone off the street can simply walk up to the property, open the door, and enter. There's a hole in the door where the deadbolt was previously located. I know there was a door lock on the property prior to being under contract because I visited the property before placing my bid. 

For the last week I've urged the "closing coordinator" from the title company to contact the seller and have them secure the property. I've been told the issue was being escalated and that a work order was to be completed Monday 10/28. Wishful thinking! 

Although it is located in an A neighborhood, my concern is that the property will be vandalized.  I have been told in the event of any damage (before the new door lock is placed) I will receive a credit at closing. However, I am yet to receive this offer in writing. 

What would YOU do in this scenario?

Most Popular Reply

User Stats

3,505
Posts
3,251
Votes
John Teachout
  • Rental Property Investor
  • Concord, GA
3,251
Votes |
3,505
Posts
John Teachout
  • Rental Property Investor
  • Concord, GA
Replied

I'd go and put a lock on the door.

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