Mike’s story on selling a house without equity and with a problem tenant that didn’t pay rent and didn’t want to move out.
In this video with one of our clients Michael Olsen, you will find out how easy it was to work with us and how long such process took.
Michael lived with him mom in her duplex when she passed away. The tenant refused to pay him rent after his mom passed and didn’t want to move out. In addition, the house had a 1st mortgage and 70K lien from the County’s Human services that paid for his mom’s healthcare. There was no equity in the property after 1st mortgage and the County lien.
The house was worth no more than 35k because it was in bad condition. Michael had no job, and no money.
He reached out to us for help. We purchased the home without equity and with a tenant that didn’t pay rent and didn’t want to move out because our intention was to work with the lien holders and negotiate the amounts of the liens.
Real Estate Liquidators took over the negotiation process with the lien holders on Mike’s behalf an made his life much easier.
Please contact us if you are in the similar situation and need our help.