All Forum Posts by: Bienes Raices

Just received notice via mail that Ocwen is selling my note to JP Morgan Chase.

I guess my Ocwen experience is coming to a close.

Personally I would not get involved with out of state people unless they came on a trip to see the place first, and I got to meet everyone who would be on the lease. I've read stories where tenants rented sight unseen and then were unhappy either with the house or the demographics of the neighborhood once they moved in, and tried to get out of the lease.

^What Adrian said...some of that info would just put me on the spot and make me worry needlessly...sometimes I'd rather just be ignorant...

@Chris

I think there could be a market for this, but...wouldn't the tenant have to sign a consent form for someone to do this monitoring? You are using info from the tenant's application to run these checks (birthdate, maiden name, possibly social security #).

1) No. 

2) What Frank said above--tenant psychology, games. Getting into the mind of someone who doesn't have a lot of money, understanding how they think.

3) Afraid I would be overstretched, since I do all this myself.

4) People bringing in unauthorized "tenants" or pets.

5) Save money, don't trust PM to do a good job.

6) 5-15 hours/week

I suppose you could put them on a month to month from the start and check these things if you go along, on free public websites like the county clerk. However you might end up with an angry tenant who trashes the place if you decide to terminate based on something like this...are you going to explain that you have continued snooping on their background after the initial application was run? Or terminate without giving any reason? Neither is a great option. And I don't know about the legality of running a second credit check after the tenant has passed screening. It's not something I would try.

Personally I would rather just deal with any problems that occur in the rental, or payment, as they arise.

It sounds like that driver needs to do a bit of jail time and/or have her license suspended for awhile, to get her attention.

I wouldn't panic about this--just take the steps you need to. Obviously water intrusion is the main thing you need to be worried about.

Can the PM board that area up or at least cover it with plastic?

OMG...is this house in Florida by any chance? That kind of thing happens here a lot. Usually drunk, or in a chase with the police and lose control of the vehicle.

Honestly I think this was a freak incident and you were just very unlucky...if you can get through it, it wlll probably be the worst thing that happens to you for a long time.

Have you notified your insurance yet?

I always provide a refrigerator. But they have to bring their own W/D units.

 Yes, this was one reason I didn't bother to refinance...it could just be resold back to Ocwen. Why bother?