All Forum Posts by: Alex Martin

Anyone else have some input?

@Aaron K. Haha not totally sure what a love canal is but I'm guessing I have an idea XD. I already do rentals in the city and know the inspectors pretty well, I'm pretty comfortable with the issues they've told me about. I'm comfortable with the status of the property, just not sure how I could take over there. 

So I've got a lot going on with this one so stick with me. I heard of a great investment property that got condemned. I went and inspected the now mostly vacation building and was pretty impressed with it's condition especially considering its new status as condemned. Obviously the owners were having some type of issues going on so I decided I was going to make an offer to take the property off their hands and bring it back up to code. 

I start doing some digging and the backstory on this property is that the owners did not wish to pay the maintenance guys any more so they all quit. Once it got condemned they also quit paying management whose since disappeared and unreachable. I've heard that the owners live out of the country, any contact info for the apartment goes back to the buildings office. I tracked down the registered person for the llc which was a law office which hasn't heard from the owners in years. There's a single construction lien on the property, no mortgage and the property taxes are behind. Any suggestions of how one would find the owners to get an offer or if there is another way to purchase or take over this property?

They won't answer any questions because they say it's all considered legal advice. 

He owes a couple thousand, normally I don't even pursue money judgments but I think there is a high  likelihood of me being able to collect via tax garnishment. 

I've started an eviction on a tenant and was seeking a money judgement. The court called to inform me they were having a hard time personally serving him. I've still been able to stay in contact with tenant and he informed me that he had moved from Michigan to Alaska to do offshore fishing for a season before returning. Because I wished to get a money judgement I know he is supposed to be personally served which is very difficult now. I was wondering if I could write something up and have him sign it (he's already told me he's willing to sign) saying that he understands and agrees he owes me the amount on the paperwork, if the judge would take that into consideration and grant the money judgement. Or if there was possibly another way to go about still getting it as this is sort of a no traditional eviction. 

So I was forced to fight dirty and out of desperation I contacted his girlfriend. I updated her with what was going on and my intention to take it to court if he did not respond, about 15 minutes later he reached out to the realtor. We informed him that it is too late to close on the property before the contract runs out due to his inaction, so he would have to sign the extension or we would pursue specific performance. He is saying now that he will not sign the extension but instead he will sign another sales contract, not sure why he'd rather do it that way but won't that still keep him under contract anyways? 

@Wayne Brooks The title company was not mentioned in the contract, but I did find out where the realtor dropped off the PA. I called them and they have not heard anything from the seller and the realtor cannot initiate anything with them without permission from the seller. So it would appear that he had not intention of trying to close by the deadline which seems like a blatant failure to perform to me. 

@Brian Pulaski I gave my EMD to the realtor, who is holding it. I speak with the agent every single day, he's told me that he has attempted to reach out (call,text, email) roughly 4 times a day since we last heard from him a week ago. The agent seems just as frustrated with the seller as I am. I've even starting reaching out to him myself by calling, texting, emailing, facebooking, contacting his property manager, and reaching out to him through where he lists his other rentals.

@Shawn Q. I am waiting to hear back from an attorney right now. I did find out where the closing was meant to take place and they have not been told by anyone to start anything and as such they said they would not be able to close by the deadline regardless. 

Great suggestions, thank you @Jacob Rhein!

@Tom Gimer There is an agent involved. He is giving me any information he has but the seller is ignoring him so that information is very limited. If the seller never choose/disclosed a title company where we are closing am I able to choose it or would that be pointless? 

@irina  

@Irina Belkofer I don't know if I'd say they were friends, I guess the agent sold this gentleman another property. The seller told the agent that he was planning on selling a property and if the agent found him a buyer he would give him commission, but the seller would actively be trying to sell it himself also. The agent and I assumed originally when he was trying to break contract it was because he had found another buyer and wished to cut the agent out. 

I actually found the agent on this site. 

If we both signed a dual agent form, shouldn't he technically be representing both of us? The agent does not know what title company the seller was planning on using, but did tell me what one they used last time so I am going to check with them in the morning. 

Thank you for trying to help me work through this..what a mess!