Hello? What is this? 2 cases of weird Real Estate horror.
Case 1: The Bank Is Its Own Customer
My husband's co-worker was going after a foreclosure... (likely story)
They put an offer on a house that was a landslide bargain.
For 3 months that offer stood festering on some banker's desk.
[law allows a bank to sit on an offer up to 6 months... longer if the foreclosed tenants don't leave]
Then the bank gives them a call... they believed they were losing too much money in the end and the house was worth much more to them, so they bought themselves out.
The bank counter-offered and bought its own property off the market!
Talk about legal real estate mumbo jumbo!
Case 2: Our dream house, it was too good to be true.
We saw a very beautiful home that was going up for a bargain. We figured it was a foreclosure.
Weird Circumstance #1: in the morning, when the realtor went to scope it out, the door was locked, and no lockbox, so our realtor called that seller's realtor
Weird Circumstance #2: in the afternoon, there was no return call from the seller's realtor, but the door was unlocked. Shady Business!
The day we looked at the house, there was no "for sale" sign outside, no lock box on the doorknob, and the house was completely empty and utilities were off. [bummer, since we would have an incomplete inspection without utilities] Well, we loved the house, and went through a mountain of paperwork to get an offer ready. But, never received a return call from the realtor.
Weird Circumstance #3: the house was not a foreclosure, but a quick sell. [my nickname: quicksand]
Weird Conclusion to a Shady Story: Our realtor finally called the Real Estate company and found out that there is a Missing Persons report filed on the realtor, and there are 3 other outstanding offers on the house. Because the realtor's missing, and the tenants only gave info to the realtor, the Real Estate company can't get in contact with the seller, therefore the house is on stalemate.
How weird is that?!
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1 comment:
The folks at work who had their home ripped out of their hands just bought a nice home in Woodbridge.
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