could "discouraging" future buyers get the bank to deal?

[Tom_Mi]

My situation is a little odd because our in-laws live next door. They sold us the land to build this house. They realize we're in this position because of a lost business and can accept that. The house is IIB and has been current until last month.

Our bank won't do modifications. They won't do a deferment of the balance. nothing. period. This is mostly because it's british (libor) money and not fannie/freddie money...and they just don't care.

So here's my question. What if every person looking at the house will see this sign on the door: "Potential buyers, We live next door. You're stealing our childrens' home. You may buy this home, but know that you'll have a noisy road on one side and neighbors who despise you on the other".

Could the threat of this scenario convince the bank to deal? If so, I'll fax them a preliminary copy and explanation.


P.S: If you think I'm nuts, you can say that too. Just trying to work every angle!

[frogger]

And if I were your banker, I would be going for a restraining order.......

[NoMoreCards]

And if I were your banker, I would be going for a restraining order.......

I agree.
The property would not belong to you (when posted for sale after the foreclosure).

Although I understand your feelings, to me that would be wrong to do.

I wish you the best.

[Tom_Mi]

Understood. I'll play nice.

[frogger]

Understood. I'll play nice.

It's always best to play nice. Until it's time not to...

[DeadManCrawling]

There ARE things you can do that will not result in legal action, but may cause potential buyers to think twice.

Let the home go to hell. Let the grass grow waist high. Leave the interior a MESS. Leave unwashed dishes in the sink. Let the cats puke and sh*t everywhere. Make it as unpleasant as possible.

And, when potential buyers come through, point out every deficiency and POSSIBLE problem you can think of.

If the bank sees that a fair number of people have seen the home and refused to buy, they MAY be more interested in dealing.

In today's real estate market, there is no way of predicting, but this tactic may work.

Good luck in any case.

[OhioFiler]

It would be detrimental to your in-laws and your other neighbors to drive the sale value down by damage, intimidation or other means. Time to move on.