I hate people sometimes

cstmar01

sooo today I went to go inspect a house I was very very serious about buying. it is a short sale property, currently in foreclosure with the seller not living there anymore. Anyways a few weeks ago I went and looked at it and everything seemed ok, they had an outside company winterize the property like normal and everything was ok, one I was not fimilar with but they said they've done it for the bank before so should be ok.

went back today to get some measurements for stuff as I was going to redo the basement and wanted to start working on getting things planned out ahead of time. Well found out for some reason they cut the power and heat to the place, causing pretty much all the pipes to freeze as seeing I live in WI and yeah it gets cold here. So I went from happy to get a home to now not wanting it because the amount of work needed would be a pain in the butt. the temp inside today was 22 in the house and that was at 1:00 today.

I just wish sometimes people used their heads, found out it was the company that winterized it that had the power and everything shut off, as they felt "it didn't need to be on, we thought we winterized it" well thats nice but you just screwed me over thanks. Also the seller stated they would not take any responsibility for the damage as the bank winterized, the bank is saying its the companies fault and blah blah blah....just wish sometimes people could use their heads.

cnh

anonymouse wrote: »

they did not drain all the water in the pipes?

Good point.

Did you hire the company to winterize it. Or was it someone else. I'm unclear. I normally live in Maine...but I'm not there this year....our house is set at about 60 degrees and I'm paying a service for security and furnace checks...oil is on auto delivery. Because I'm afraid of EXACTLY what you describe above!

That's awful and brainless. What fool in Wisconsin doesn't realize that the heat runs off electricity regardless of what type of fuel you use --water is heated and thermostats need current?

sheeesh! Sorry man!


cnh

danger boy

wow. whomever owns the property doesn't know about winters in an empty house...

shack

danger boy wrote:

wow. whomever owns the property doesn't know about winters in an empty house...

"Whoever" owns the property doesn't give a ****....they are about to lose it. The bank can't do anything about it because they don't own the property...yet...but looks like they will. The real liability lies with the winterizing company.

treitz3

shack wrote: »

The real liability lies with the winterizing company.

Bingo!!!

dkg999

It's a pretty simple matter of draining the water at the lowest point, which is usually the supply connection from the outside, and then flushing everything with RV antifreeze, filling the toilet bowls and tanks with a couple of gallons of RV antifreeze, draining the hot water heater, etc. A couple hours of work and about 10 gal of RV antifreeze and all is good.

cstmar01

dkg999 wrote: »

It's a pretty simple matter of draining the water at the lowest point, which is usually the supply connection from the outside, and then flushing everything with RV antifreeze, filling the toilet bowls and tanks with a couple of gallons of RV antifreeze, draining the hot water heater, etc. A couple hours of work and about 10 gal of RV antifreeze and all is good.

and thats the problem. They failed to do this part basically is what it came down to. There was still water in the pipes because they never flushed them out, and they stated that seeing the heat was on before that they didn't think it would have been necessary to do this to the pipes. Any normal company that does winterizations knows no matter what you STILL drain the water in the pipes ect because if you have a power outage or some how it GETS SHUT OFF, you don't screw up stuff.

It was an outside company that did the job. I'm familiar with the companies and everything and its one I've never heard of before that did it. The seller like stated above just doesn't give a rats **** about the place, and the bank well they could also care less too. Its a larger national bank and it sucks. Man I'm pissed, and seeing that I was there with the realtor he even stated that now he thinks he's going to be screwed in even selling the house due to the pipes and no one wanting to fix them, or buy a house in order to fix them, ect.

treitz3

Offer $5,000 above the land tax value.

cstmar01

treitz3 wrote: »

Offer $5,000 above the land tax value.

haha, btw forgot to say the seller is nuts too. Shes the type that says "well I bought it for X 2 years ago its still worth X amount" its like no its not, the market is completely different, and doesn't work that way right now.
IDK what I'm going to do, at this point I think it would be easier for me to look around and find another place. I wanted to be able to move in right away and then do some work on it as I go along but well that wouldn't be possible at this point.

dkg999

I would look at it as an opportunity! The property now has diminished value and is legally uninhabitable. Most cities have a code that says a property without running water cannot be lived in. If the price being asked previously was reasonable at this point in time, I would offer 50% less and start there. Go straight to the bank holding the property, find the person who holds the p&l for the property inventory, show up with your attorney and approved financing. It works, I have proved it several times.

Note, the above only has a chance if the property is being foreclosed on, or has been foreclosed.

treitz3

"X amount" is now an uninhabitable home that won't pass local codes. Offer it anyway and keep trying until they come to their senses. Who knows? You may may get lucky. In the meantime, looking elsewhere may be the way to go.

NJPOLKER

You hate people sometimes? I hate them all the time :rolleyes: I can understand why you only hate them sometimes since you live in a great part of the United States.

concealer404

dkg999 wrote: »

I would look at it as an opportunity! The property now has diminished value and is legally uninhabitable. Most cities have a code that says a property without running water cannot be lived in. If the price being asked previously was reasonable at this point in time, I would offer 50% less and start there. Go straight to the bank holding the property, find the person who holds the p&l for the property inventory, show up with your attorney and approved financing. It works, I have proved it several times.

What he said... this is where you lowball to hell and back, and raise a stink about it. The realtor will want to pressure the owner to take the money so he can get it off his back, the owner wants to get out of it, much as they may be being unreasonable now, and the bank won't want to deal with it.

Either lowball like crazy, or walk away.

OR: Do it the American way! Buy the house at your original price before you realized the pipes were frozen, then sue the company that did the winterizing for all the repairs! PROFIT!

dkg999

Walk softly and have an attorney on speed dial is the American way!

cstmar01

IDK. She has about 3-4 months to go before the bank goes to sheriff sale which at that point it would be about a 1 month period until confirmation of sale then the bank would have it back. Until then its her responsibility to sell the property and the bank won't do ****. The realtor said he was going to see if she would drop it any more in pricing seeing what happened, which won't because it was hard enough to get her to the point we were at. Sooo what I'll probably just do, if I even want to think about getting it any more is just wait for the bank to take it back, offer them crap and then just gut the whole freakin' place and re do it.
That was something I really didn't want to do as like I said wanted to move in soon and then do some changes and probably this summer an addition but whatever we'll see I guess.

sucks2beme

The lady doesn't set the price on a short sale. The bank does.
Lowballing her won't have any effect. She's walking away with nothing either way. And the bank will bury their head and sit tight. They have so many
that they tried to save a couple of bucks up front on the winterize, and
that cost them a sale. It's going to auction. Give up and wait till then.

The whole process is full of stupid. Let it run it's course.

cstmar01

With a short sale its still the owner that is selling the property. They have the right to say they don't want to the take the offer. The bank has to agree. She can be held to a deficiency of the balance that would be due to the bank if the short sale is below what the bank feels is fair on the house. Right now its still her property and she can sell for whatever she wants to. Once the confirmation of sale then its the banks, and I can deal with them regarding it.

I know all this and how it works as its my job. I do all the legal work regarding foreclosures, and research equity and lien positions for loans, I also have to find and evaluate property values and figure if its worth the bank taking it back ect ect.

sandworms

NJPOLKER wrote: »

You hate people sometimes? I hate them all the time :rolleyes: I can understand why you only hate them sometimes since you live in a great part of the United States.

i hear ya, was at work yesterday (auto dealer) and observed a couple cleaning out their car in our parking lot. so i just figured their removing their personal items to trade the car in, no biggie, they had garbage bags and all. well when i came back in 10 mins they were getting in a second car with their bags, leaving a heaping pile of crap surrounding the car, i mean garbage all over the place. i was floored, sad part is they stared at me like they wanted to kill me for giving them a dirty look. and the fact they left trash surrounding the car with a vin # tied to them just makes me laugh, not that our company will do anything about it
i just find it hard to have faith in humanity sometimes

sandworms

i killed another thread damn it

concealer404

sandworms wrote: »

i killed another thread damn it

It's because you're from Crotchfester.