I have seen several MLS remarks that don't make sense and some that are great, they even make me want to see that house. Please add some of the remarks that in your opinion are worth sharing for one reason or the other.
I guess you can also add the humorous ones, if you find one. Enjoy.
Here is one that I saw on Facebook by a local REO agent.
"NEW REO LISTING - ATTENTION INVESTORS!!! - SET UP AS 3 APARTMENTS - 5 BED/3 BATH - ATTENTION PLEASE READ! PROPERTY IS CURRENTLY TENANT OCCUPIED. NO SHOWINGS ALLOWED! DO NOT MAKE CONTACT WITH OCCUPANT! SELLER/AGENTS HAVE NOT SEEN THE INTERIOR OF THE HOME-NO ACCESS HAS BEEN GRANTED-ALL BED/BATH COUNTS;UTILITY INFO & INFO IN MLS ARE ESTIMATES ONLY USING INFO OBTAINED FROM FIRST CONTACT WITH OCCUPANT. PROPERTY SUBJECT TO GR AND LEAD VIOLATIONS - SELLER WILL NOT REDEEM."
I hope his/her client wont see those remarks. How can an agent list a house without seen the interior?
Replies
I wonder what does he mean "Set up as 3 apartments". Is it a legal 3 unit apartments? Lead violation is definitely a cash buyer investors.
It could be the tenants maybe upset on the property being foreclosed. They may not get their deposit back and can make the interior viewing difficult, if the situation is not their fault. Remember tenants have rights too. There is a possiblity they are looking for another place and maybe getting cash for keys. You really have to ask the listing agent what is going on with the tenants. Do they have 30 or 60 days to move out? The only thing a buyer can do is make an offer with subject to inspections and wait for the tenants to move out. Keep in mind who is going to pay back the security depost. Personally, I would let the lender/investor/Asset Manager take care of the responsiblity with the tenants' security deposits and not let your client fall into the trap of dealing with the present tenants.