Unraveling a Fake Foreclosure While Negotiating Code Enforcement Liens

Posted on: February 21st, 2019 by , 1 Comment

When we first met Mai Holley and her family they weren’t even sure if they owned a house that had been abandoned for several years. A fake foreclosure action, combined with thousands of dollars in code enforcement liens created an ominous situation where they didn’t know if they would get any money out of the property.

At SouthTampaTeardowns.com, our goal is to provide sellers with a simple transaction with less stress… even when there are major challenges as can happen with an abandoned property. Often, that means that we go the extra mile with families like the Holleys, who wanted to sell an abandoned house that had been in the family for years… even though they weren’t sure at first if the property was even still in their name.

Before we could start the process of selling Mai’s home, we first had to unravel the mystery of property ownership: whose name was on the deed? Was there ever a mortgage? Was there ever a legitimate foreclosure? I dug through court records, and event confirmed with a local title company and found that the home did, in fact, belong to the family and the foreclosure was totally fraudulent. However, the property also had code enforcement liens attached, which further complicated the sales process and could have cost the seller tens of thousands of dollars.

Undaunted, we walked with the family every step of the way, from filling out and filing paperwork to negotiating liens. By following our recommendations, Mai was able to sell her property and reconcile thousands of dollars in liens prior to closing. 

If you have a property with code enforcement liens or a fake foreclosure, selling that property can feel like an impossible situation: pay the liens or lose money in closing costs. As an experienced land acquisition specialist, I know there may be other options that can save you thousands of dollars.

When you work with SouthTampaTeardowns.com, you get a fair cash offer from one of our builder partners, and you won’t pay for any commissions, repairs, or closing costs. We can take a potentially slow, frustrating, and costly property sale and give you peace of mind.

If it’s time to sell an older smaller home in South Tampa… give me a call. My name is Robert Wilson. I’m the Director of Dirt at EXIT Bayshore Realty… When you work with me… I’ll do my best to get you a fair offer, with fewer hassles when you sell your house to a builder with SouthTampaTeardowns.com.

My number is 813-784-4199, or you can request your offer online today.

 

One Response

  1. Good article. Seems so interesting on the go!!