Help please! I'm buying foreclosure with no access to property!
Hello, its my first post here and need some advice from you amazing experts! I just won the bid at a foreclosure auction and submitted my $5,000 deposit and signed the foreclosure sale agreement and we are closing in 30 days. The issue is the bank (Chase) and their attorney has expressly forbidden me from accessing the property (It's locked up even if I wanted to) until deed is transferred. The big issue is i'm financing and need access to the property for appraisal, title V inspection for septic system and smoke detector inspection. Even if I was paying cash would still need the smoke detector inspection as it's state law to have them inspected BEFORE the sale. I don't care about home inspection, I'm willing to take my chances as I know the house well and the area well. How am I supposed to do any of this required stuff without access to the property?? Extremely frustrated and in need of some advice..someone must have experienced this before and has a solution? Thank you.
Most Popular Reply
Jason Terrell
I’m not saying I’ve done it in the past on two occasions but on those occasions I definitely didn’t get my realtor to show me the property then unlock a window on ground floor without them noticing. Of course I didn’t come back later and go through said window to unlock the doors and let in all the people who needed in so I could have repair and inspections done. I didn’t do these things but if I did, did the realtor or any bank ask how these things like carpet, paint, and appliances were magically fixed or replaced? Nope Do I happily own these properties that I did not do these things to acquire? Yes :)