So yes, we threw the deadbeat tenants' butts out on to the street without giving it a second thought.
Key to your case against me is locating sellers in foreclosure I rescued who were subsequently evicted from their homes.
It’s the common “foreclosure rescue scam” scenario and all your office understands, frankly. And that’s why my deposition focused in part on Butch the Biker’s property, a little place up near Tukwila.
Yes, we evicted, and it was obvious your staff was thrilled to have discovered this transaction, confirming their claims I’m an investor up to no good.
Sorry to disappoint
We’d worked a partnership deal with Butch the Biker and sure, we did evict, but Butch the Biker didn’t live at that particular property and we actually evicted his tenants.
Tenants Butch the Biker couldn’t wait to get rid of.
Not only had they trashed the place, they weren’t paying rent and Butch the Biker was at risk of losing his free and clear rental house to foreclosure. He was in the upcoming tax sale, needed help, and delighted we were there to lend a hand.
So yes, we threw the deadbeat tenants’ butts out on to the street without giving it a second thought (it’s often a messy business, this foreclosure thing we do).
but that was only step one
Over the next few months we completely rehabbed the property, spending upwards of $60k (if memory serves) to bring it back into shape.
And the community, of course, was delighted to see the neighborhood’s ugliest house all cleaned up and looking better than new.
Butch the Biker, as you might imagine, was thrilled.
He’d stop by every couple weeks to see our progress and never left without telling the guys how happy he was about the way things were going with the rehab.
And then Butch the Biker died.
We were saddened to hear of his passing. He seemed like a really nice guy and I’m certain would have put the eventual profits to good use.
enter the estate
Soon thereafter, we heard from his estate, inquiring about the property and what the heck was going on with Butch the Biker’s house over there in Tukwila.
We explained the situation and let the Personal Rep know it was on the market and would likely be sold soon.
He was glad to hear there was money coming and went on to tell me that Butch the Biker had left everything to two little nieces in hopes it would pay for their education.
In any case, we got it sold and Butch the Biker’s estate received nearly $60,000.00 as his share of the profits.
perfect in every way
This partnership with Butch the Biker was a perfect foreclosure rescue in every possible way.
We stopped the foreclosure, got rid of his problem tenants, completely restored the home, sold it for top dollar and sent a monster check off to his estate when it finally closed.
And his two little nieces have their college education paid for, which I’m sure would have delighted their sweet uncle Butch.
Three guesses what your office calls this transaction, Rob.
Ugh, a foreclosure rescue scam?