Leverage Homes recently helped a local investor exit a distressed two-family property dealing with unauthorized occupants, severe property issues, and a rapidly shrinking timeline, closing in just 7 days.
Newark, NJ
Two-family
7 Days
The seller originally purchased the property as one of their first investments. After going through the eviction process, they believed the situation had been resolved.
But shortly after, the occupants regained access to the property—bringing the situation back to square one. At the same time, the property itself had deteriorated significantly:
Structural concerns, including foundation issues
Roof and exterior leakage
Overall condition making it non-financeable
What started as an investment had become a growing financial and legal burden.
By the time the seller reached out again, the situation had escalated:
There was limited time available to find a solution before the seller faced further financial impact.
Unauthorized occupants were still inside the property, complicating any standard sale process.
There was no ability to list traditionally due to the property's severe condition. It simply wasn't eligible for conventional financing.
Without a fast solution, the outcome likely meant more time, more cost, and more uncertainty.
This deal required more than just finding a buyer, it required coordination on multiple fronts at once. We worked directly to resolve occupancy quickly and respectfully, ensuring everyone involved had a clear path forward.
At the same time, we:
Structured a cash purchase due to the property condition
Moved without requiring a certificate of occupancy upfront
Coordinated all logistics under a compressed timeline
Prepared the property for a clean transfer to the next owner
Execution extended beyond standard hours, with the team working late into the night to ensure everything stayed on track.
The property closed in just 7 days. For the seller, that meant:
Immediate relief from a difficult situation, with funds in hand before further financial strain.
No need to manage complex repairs, traditional listings, or take any additional legal steps.
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“What mattered most wasn’t just the speed, it was resolving the situation completely.”
Joey Szal
VP, Acquisitions
Some properties don’t fit clean boxes. But with the right approach, even complex situations can still be solved, including:
Distressed condition
Occupancy challenges
Legal uncertainty
Tight timelines
At Leverage Homes, the focus is simple: adapt to the situation and follow it through to resolution.
If you're dealing with a difficult property situation, we’ll help you find a solution that works.
See how we have supported thousands of people like you
Newark, NJ
Description
Description
Office Location
50 Park Place, Suite 301
Newark, NJ 07102
Office Location
50 Park Place, Suite 301
Newark, NJ 07102