It’s never a good sign when the local police laugh at one of your REO listings. In fact, it’s down-right disheartening. At least that’s what associate broker Chris Price, head of “The Chris Price Real Estate Team at Keller Williams Realty”:http://www.indypropertysource.com/, felt when he was handed the listing of a duplex in a not-so-safe neighborhood.

To this day, he remembers it well.
“After successfully negotiating the cash for keys on both sides, I found out how marvelous it really was,” Chris recalls. “One of the neighbors was a vacant duplex with its windows and doors wide open all of the time. Needless to say, it was not where I wanted to hang out. We experienced an above average number of break-ins and vandalism. Copper pipes were stolen, windows broken out, aluminum siding pulled off the exterior, trash dumped in the yard – all of the joys of being in REO.”
And, the amusing times continued once the property was listed.
“Upon our weekly inspections, we found a car in the back yard. It had been driven about 10-feet into the back of the house!” Chris recalls. “I looked in the old Pontiac Firebird – with all of the windows smashed out – and noticed it had been hot-wired. We had to have the property secured and boarded right away. The local police got a good chuckle from this crime scene.”
So, what happened to the not-so-popular duplexx Despite its ugly duckling status, the property finally sold at auction, landing in the hands of a real estate investor.