- Subscribe to RSS Feed
- Mark Topic as New
- Mark Topic as Read
- Float this Topic to the Top
- Bookmark
- Subscribe
- Printer Friendly Page
Headache For Sale!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Email to a Friend
- Report Inappropriate Content
12-26-2012 05:12 PM
http://www.redfin.com/CA/Glendale/2151-El-Arbolita
Buyer is aware that property may be currently occupied. Seller may not be able to convey possession at closing. CASH ONLY. NO INSPECTIONS ARE PREMITTED. Eviction proceedings may have begun. Interior/exterior conditions are unknown by listing agent as access has never been gained.
Re: Headache For Sale!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Email to a Friend
- Report Inappropriate Content
12-27-2012 03:44 PM
I am not from LA, but doesn't a tenant have to allow you to inspect a property with 24 hours notice? Who would buy a property under such terms?
Re: Headache For Sale!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Email to a Friend
- Report Inappropriate Content
12-29-2012 05:51 AM
These situations are fairly common, except the listing agent is usually not so public about the situation. Tenants are probably looking for key money from an interested buyer- essentially holding the property hostage for ransom. If the property goes to auction (sounds imminent), the successful bidder can choose to get friendly with the tenant in hopes of a fast possession with little extra property destruction, or wait for sheriff to evict and almost guarantee property sabotage. I know of scenarios where flippers give key money but the kitchen is still ripped out.......
Re: Headache For Sale!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Email to a Friend
- Report Inappropriate Content
12-29-2012 06:06 AM
Looking again at the history, someone bought this at auction last October and has not been able to gain possession. Tenants must be super-glued in there!



