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Updated about 15 years ago on . Most recent reply

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21
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1
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Gail Smith
  • Investor
  • rochester, NY
1
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21
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Bank changed locks!

Gail Smith
  • Investor
  • rochester, NY
Posted

I've been working on a short sale. Unfortunately the bank rejected our first 2 offers and "closed our file". Then they winterized and changed the locks on the house but they haven't filed Lis Pendens paperwork yet. I have other interested parties but can't get inside to show the condition of the house.. I would think that the property is still legally the sellers in spite of the fact that he is behind on payments until the paperwork is filed with the county...am I wrong?

Most Popular Reply

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,947
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

It is not the banks property yet but they do have the right to protect their investment if they were informed it was abandoned. As such, the homeowner needs to contact the bank or authorize you to bring a locksmith and re-change the locks. After all, it is their house still.

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