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Updated about 3 years ago on . presented by

User Stats

43
Posts
3
Votes
Daniel Kern
  • Investor
  • Northfield, NJ
3
Votes |
43
Posts

Property UC in November, owner/tenant preventing inspections

Daniel Kern
  • Investor
  • Northfield, NJ
Posted

Hello, we got a duplex under contract in November. We have been told by our realtor they think they should have sold for more. The home is a preforclosure and I guess after doing the math the owners weren't going to walk away with as much as they would like. We have been unable to get an inspection on the property due to the current owner and the downstairs tenant being difficult. We contacted an attorney who sent a letter to no avail (but charged $750) and after several attempts to schedule an inspection there always seems to be an issue. Their realtor blames the tenant, tenant blames the owner, etc. Has anyone successfully worked through anything similar? Since November, we have lost out on monthly cash flow and rates have jumped a point and I feel like were in a stalemate. We have 5k EMD in escrow but I still want the home and may also want it vacant due to these issues.