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Updated over 8 years ago on . Most recent reply

User Stats

21
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2
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Jonathan Rodriguez
  • Lender
  • Jackson Heights, NY
2
Votes |
21
Posts

Short sale that is occupied by owners ex spouse

Jonathan Rodriguez
  • Lender
  • Jackson Heights, NY
Posted

Good Afternoon ,

I have a seller who currently owns a home that hasnt been paid for a few years. I submitted all the paperwork into the Bank and now the bank wants to do an appraisal on the home however the ex spouse isn't cooperative whatsoever and won't leave the home. The homeowner also doesnt want to pay to evict her from the home. This makes it very difficult for an average buyer to be interested in the property. I have a few questions and I would appreciate any insight. Do investors buy properties this way? How can I get her to give access to the bank appraiser so that with an appraisal investors or buyers may feel more comfortable buying the property. Also with anyone with experience in shortsales how can I market his property to an investor willing to take the risk of purchasing this home? The property is in Southampton, NY. 

Most Popular Reply

User Stats

9,365
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6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

The bank won't fall for the assignment game anyways. Just like a good agent, they know better and don't want to get tied up with game players trying to broker real estate without a license.

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