Ejectment Finalized (by Ray-N-Pa [PA]) Jan 27, 2022 8:01 AM|
Ejectment Finalized (by Ken [NY]) Jan 27, 2022 8:38 AM
Ejectment Finalized (by Ray-N-Pa [PA]) Jan 27, 2022 8:46 AM
Ejectment Finalized (by DJ [VA]) Jan 27, 2022 9:48 AM
Ejectment Finalized (by Oregon Woodsmoke [ID]) Jan 27, 2022 10:08 AM
Ejectment Finalized (by MikeA [TX]) Jan 27, 2022 11:32 AM
Ejectment Finalized (by Ray-N-Pa [PA]) Jan 28, 2022 9:20 AM
Ejectment Finalized (by Ray-N-Pa [PA]) Posted on: Jan 27, 2022 8:01 AM
As goofy 2020 and 2021 were, I am just now getting an ejectment finalized.
In Pa an ejectment is not the same thing as an eviction. Ejectments occur when squatter rights rights were exercised. With this property it should be called SQUALLER rights instead of squatter. The former owner lost it due to not paying taxes for four years.
The time between ownership and the actual ejectment was 13 months because of the courts not willing to touch this matter for about seven months. The good news is -it has been rekeyed. Do I believe the folks will break back into it.......I am pretty sure they will.
She has multiple criminal theft charges and he is a sex offender. Great people huh.
So now I am deciding if i should clean it up or just wholesale it - after 13 months of ownership and double my inital purchase price
Ejectment Finalized (by Ken [NY]) Posted on: Jan 27, 2022 8:38 AM
I love to buy something like that,clean it out,mow the lawn and list it within 7 days without doing any additional work.I understand why you couldnt sell it any quicker --72.231.xxx.xxx
Ejectment Finalized (by Ray-N-Pa [PA]) Posted on: Jan 27, 2022 8:46 AM
sales price was 10. holding cost have been under 2 for the year. Neighbor is offering me 20 cash for it without me doing anything. Three dumpsters and and a lawn mower later I could get 39 for her, but I would have to wait until late spring.
Additionally, fixing it up to camp status could bring in 59, but then there lots of wild cards that I am unclear about. four years without heat - my gut tells me to tear down the small building and keep the oversized garage.
It is located next to a large recreational lake --24.101.xxx.xxx
Ejectment Finalized (by DJ [VA]) Posted on: Jan 27, 2022 9:48 AM
Take the neighbor's cash & put it into another good pizza deal --68.229.xxx.xxx
Ejectment Finalized (by Oregon Woodsmoke [ID]) Posted on: Jan 27, 2022 10:08 AM
Should you increase the price by nearly $20,000 by doing a day's work of hauling off trash and cutting down weeds? Is this a serious question?
The guy who pays $39K for it will still make a profit by renovating and selling for $59K. I can understand why you don't want to do this. It's work, expense, and maybe problems finding labor and materials. But you are a heck of a lot richer than me if you won't work one day for $20K (jeez, no wonder I can't get a handyman for $80 an hour. I'm not paying enough. He's wanting $2500 an hour to even think about it) --76.178.xxx.xxx
Ejectment Finalized (by MikeA [TX]) Posted on: Jan 27, 2022 11:32 AM
Unless you have somewhere else you can make almost 50% return on your money in 4 months, keep it until spring and sell for $39. Actually by then it will probably be $45 because of the flurry homebuyers will be in to beat the increases in interest rates. --209.16.xx.xxx
Ejectment Finalized (by Ray-N-Pa [PA]) Posted on: Jan 28, 2022 9:20 AM
I understand your math.
Do you understand that the former owner challenged the county when they took it after not paying taxes for three years. Then challenged me after I bought saying they were still in possession.
I am fully expecting them to break in take what ever items that might have any type of marginal value and then claim I threw the stuff out. The township has already cited me - since citing them didn't work a couple of years earlier. So yes I can make a few more dollars, and I can spend those extra dollars in legal fees.
So in the mean time, I have been driving out there taking pictures of the snow drift covered drive way. I have made it a point not to drive into it. I want to make sure that there is absolutely no shadow of doubt that this trash is truly abandoned. That requires lots and lots of documentation.
A ejectment occurs only when the property is occupied. AT best, this oversized garage might have something that was stored there hidden in between the piles of junk. What I see is three 40 yard dumpsters. Maybe three to five days of loading up.
I wish the $20K would be that easy to make - one day and no risk --24.101.xxx.xxx