A Case Study E Vine St Stockton, Inherited House, Bad Tenants, Eviction, Code Violations, Foreclosure and Deferred Maintenance

Houses Cant Fix Themselves and Some Problems Can Only Be Solved By Selling The Stockton House

The only thing worse than a vacant house is one that is occupied by bad tenants. When renters stop paying the rent they become squatters and deprive the landlord of the revenue necessary for the general maintenance of the property and the health of the entire neighborhood.

Unfortunately the only cure for a bad tenant is an eviction and that takes time and cost money.

Here is Their Story:

Bad Tenants
Foreclosure
Eviction
Code Violations
Deferred Maintenance
Water Damage

Mike really didn’t know what to do. Since his parents had died and left him the house he had struggled to make the mortgage payments and over the course of 3 years he found himself in and out of foreclosure on at least 3 occasions. He was always one step ahead and then 2 behind. He never thought of selling the house… he was more concerned with NOT losing it to foreclosure.

Mike truly believed that his parents left him the house as an obligation rather than an asset. It took Mike a long time to understand that his parents, as proud as they were of the house had never intended it to be a burden upon him.

For Mike the house and the responsibility it represented was overwhelming. It was old, it needed a lot of repairs and it suffered from years of neglect in the latter years of Mike parents life. They were no longer able to make the necessary repairs as they crept up and by the time Mike inherited the house they had taken out an equity line of credit and Mike could not keep up with all of the expenses.

With House Bills to Pay, Renters Not Paying, Sell That Stockton House Fast

To make matters worse, the tenants that were renting the house stopped making payments and Mike was saddled with property taxes, mortgage payments and the insurance payments that were due. After about three bouts with a Notice of Default being posted on the door, he finally called me. He didn’t want to sell the house but he needed to sell the house and just get out from underneath the weight of it all.

It’s hard to know if the final straw was the Code Violation notice for the cars, the boat or the motor home left in the front yard or when one of the tenants flushed a towel down the toilet and he didn’t have the $600.00 to pay the plumber.

In either case Mike needed options to sell the house. He told me he found my phone number on a We Buy Houses Stockton Sign nailed to a telephone pole about a mile from his house. It is nice to know that they work.

Homeowner Concerns:

Mike had tried to evict the tenants on his own and they just kept coming back. He delivered the proper notices but he could never get the paperwork right and the appeal always restarted the clock. When I first talked to him I explained that they needed the proper financial motivation and that if he sold the house to me I would handle it for him.

Mike was also concerned that he could not afford to pay the Mortgage current and needed to stop the foreclosure. I assured him that we could take care of that in the required time frame.

Finally Mike did not want to have to pay the City and of the code violations but he could not afford to have the cars, boat and Motor home disposed of. He wanted to make sure that he had no residual liability after the house was sold and he was also interested in getting a fair price for the property. As you can imagine, Mike was very gun shy and his initial calls were very skeptical and yet we continued to talk until he felt comfortable with my ability to see the process through. Mike said he had called several We Buy Houses Company’s in Stockton and selected Wesbrook REI because of price and he believed me.

He told me that I was the only one that actually offered to help with the eviction and also called the Code Violation Officer to stop the fines.

The Code Enforcement Officer also assured him that he he had worked with me before and that I had always completed any projects he was aware of to the City’s satisfaction.

ONGOING CHALLENGE:

When Faced With Thousands of Dollars in Repairs is it Worth it to Fix that House?

With a foreclosure pending and an auction date set Mike knew we had a limited time frame to cure the foreclosure.

The only other real challenge that I saw were the tenants that were in and out of the house and hard to serve, but we accomplished that at 6:00 am one morning… At that time, I planted a For Sale Sign in the front yard and waited on the front porch to come out. I explained that I was the new owner and they were no longer dealing with Mike. I told them that while I did have to officially evict them to get them to leave I also had a cash for keys program that they should listen to, because it meant cash in their pockets.

Finally I knew that I could work with the Neighborhood Services Department for the Code Violations. That aspect was pretty simple… we had a date by which they were demanding we complete a massive cleanup and plan for securing the property. All I needed to do was convince the City of Stockton that we were willing to make the required repairs. I immediately called for a meeting to negotiate our options. The first objective was to negotiate a time table in which neighborhood services would be satisfied without levying any new fines and penalties.

OUR SOLUTION:

We offered Mike an all cash purchase and buy out of the equity he had in the house. We bought the house in its current as is condition without any contingencies or inspections.

We have a very simple 2 page Purchase and Sale Agreement that made it clear the we were paying for the evictions, offering the cash for keys and removing all garbage, debris and motor vehicles from the property.

Mike and I negotiated an all cash purchase that would allow him to walk away without and further liability and to close within one week of our agreement. In order to do that we needed to get the City Code Enforcement and health departments to abate any more fines and fees and transfer all code enforcement violations to us as the new owners.

With that agreement in hand we purchased the property from Mike and he walked away with an asset. Mike was poised to lose it all and it would have cost him thousands of dollars had he not called and sold that house to someone quickly.

My name is Peter Westbrook and I am a local real Estate Investor in Stockton, Sacramento, Modesto and Manteca CA. I am the best at what I do because I work at it everyday with people just like you. We Buy Ugly Houses in Stockton and we pay cash. We are problem solvers and we have seen so many ugly situations turn around for hundreds of families.

If you have a house that is no longer an asset, or you fear that if you wait any longer you could lose it all, then call me at (209)481-7780 or visit my website and http://www.IBuyHousesStockton.com. We specialize in buying distressed houses in distressed circumstances and we pay fair market value minus the cost of repairs.

We are real people with real solutions but you should decide that for yourself. Call us… what do you have to lose?

We Buy Houses in Stockton, Sacramento & Modesto

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Sacramento and Westbrook Real Estate Investments. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Sell My House Fast

Contact the area's #1 And Most Trusted House Buying Experts to Sell Your Home. We buy houses in ANY Condition. There is no obligation or cost. What do you have to lose?

Hear What Others Have To Say…

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.