Chained Tax Auction Home

5 Replies

Hello Everyone. I have only posted once, but I love looking at the different questions and answers as I continue my journey into investing. I have purchased two properties in Flint, Mi. (Beecher to be exact.) I have not received Deeds or anything yet to the homes, but I have changed the locks on 1. On home #2, I noticed there is a sign on the door that reads; In Regards to the disaster at this residence, Owner should contact E.D.C immediately. It also gives a Cell #. I have called this number and it is disconnected. This home is chained. Both doors have locks and are chained. Someone also has been cutting the grass and maintaining the yard. I will try to post a picture in the comment section, of the Notice. Has anyone encountered this notice or something similar. What do you think I should do next? Any advice would be greatly appreciated. 

Are the sales recorded in your name at the clerk of courts ? If so, get a bolt cutter and enter your property.

I suspect technically until you get your deed you are trespassing. However many do as you do and just go in and change locks and take possession if a property is vacant. 

I don't think the chains change anything. I suspect there is a REO servicing company which secured the building and has been cutting the grass. My guess is that EDC is an REO servicing company.The number is probably just s local agent that no longer works for them.

 

Medium crab1 copyNed Carey, Crab Properties LLC | http://baltimorerealestateinvestingblog.com/

Find out what disaster occurred there and look up EDC before you go in.  It may be nothing, and as the new owner, you weren't liable for what "occurred", but I would be curious.

Thanks for the responses. I do have permission to enter both homes per agreement to waive liability and I was told to break in and change the locks. If it is a Reo company do I still need to cut the chains. I have tried to google them and haven't found any info. 

With that authorization, I would go ahead.  Do you have it in writing?