Asset Management & Recovery: You Don't Need No Stinkin Locksmith

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

You Don't Need No Stinkin Locksmith

Can't tell you how many times I have needed to do this in my lifetime.  I get a property turned over to me and there are no keys.

Knock, knock.  Who's there? Nobody.  Nobody who? Nobody to let you in you moron!!

Now what?

 Try the windows?  Yep.  About a 50% chance to get in there, especially if you have a ladder to go up to the second floor.

All the windows locked?  I guess you are going to need to go through a door.

Now, before taking any drastic measures, try turning the knob, OK Jimbo?  There is a 10-15% chance that it will open.

No on the easy ways all around?  Ok.  Now there is a choice to make.

  1. Call the locksmith and pay about $100 for a call.  Maybe they will come right away, but probably not which means another trip to the property for you.
  2. Drill the lock and open the door.

What you will need:

  1. Electric Drill.  Battery powered is preferred, since if you are at the drill the lock point, there are probably not any powered up exterior outlet available.  Or you could carry your own generator like I do when I dun got a lot of these to do in a day.
  2. Pry Bar.
  3. Philips Screwdriver.  Preferably on another drill to make it go faster.
  4. Drill Bits for Metal.
  5. Cutting Oil.  This keeps the bit cool and helps it go through the metal.  It also helps keep the bit sharp and extends the useful life of the bit.
  6. Court Order, Letter from Owner or printout showing you as the owner.  This helps when the cops show up.  Note that sometimes they will drive by, look at you, waive and drive away.  When this happens, they are thinking that you must be a landlord or working on a foreclosure.  You should probably be thinking that if the cops see you breaking into a house and assume you are just getting into your own foreclosure home, you are not a landlord in a quality neighborhood.

Things not to do:

  1. Do not drill locks or slide in windows at night.  This creates calls to the Police from neighbors and makes the cops actually stop and hassle you, even in the high problem neighborhoods.
  2. Do NOT, under any circumstances, do this while wearing a ski mask.  I do not care how cold it is outside.

How to Drill:

If you have your drill and bit all ready to go, there are screws on each side of the deadbolt.  All you need to do is drill through them with a bit that is bigger than the screw.  Place your bit about 50% of the way between the tumbler and the outside of the lock housing in line with the middle of the tumbler and drill in.  You should have hit the screw dead center.  Do this again on the other side.  If done right, the housing will fall right off, exposing the deadbolt carrier.  Insert a screwdriver into the hole at the center of the carrier.  It might look like an X or like a big, oblong, D.  Turn the screwdriver and the deadbolt will recess.  You might have not gotten all of it, so try to give it a little massage with the prybar.  The balance of the screw should just break right off.

If you are drilling a knob, the same measurements and locations of the screws apply.

Have fun.  This is the beginning of your adventure.

Note : Don't go try this on your neighbors house or use it as a vehicle to get yourself a new, used, flat-screen.  You may end up in the chrome bracelets.

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

12 commentsRich Kruse • May 19 2007 06:31AM

Comments

Rich, thanks for the valuable info.  When's the lesson on changing the oil in my car?  I'm totally useless when it comes to these things.
Posted by Pinecrest | Coral Gables| Maggie Dokic, SFR (Prudential Florida Realty) over 3 years ago
Be careful when trying the windows- if they're the cheap kind, you'll end up with shattered glass when you gently press- blood all over the carpet isn't a good selling point...
Posted by Laurie Mindnich at Options Realty over 3 years ago

Laurie,

are you speaking from personal experience here??? =)

 

Posted by Melissa Kruse (Gryphon ) over 3 years ago
This is hilarious!   The how to guide.  Excellent but I am not sure I will be doing it in the near future. It could be dangerous...I could... break a nail! 
Posted by St.Cloud Homes & Land, LLC over 3 years ago

Maggie - On this issue, I think you should drive to GoodYear and give Earl $19.95.  The cost and hassle of the old oil is not worth the $5 in savings.

Laurie - Good point.  Those older windows are pretty easy to unlock though if you have a long knife blade or a slim jim like the ones used to jimmy car doors.

Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago

OK..question Master locksmith Kruse, I tried this on a house down the street. I now have to lock off. What next?

Posted by Danny Smith (DISCOVER TEXAS HOMES) over 3 years ago
You have got to be kidding me.  Ok.  I am writing another blog, just for you.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 3 years ago
Melissa- let's just say that some builders use windows that are less in "quality" than others...but ME? No!  Of course not!  Unthinkable!  Except, these people REALLY wanted to see the house...;)
Posted by Laurie Mindnich at Options Realty over 3 years ago
This is a good lesson. I wish I had this manual 6 years ago when my daughter, a baby at that time, used to go into the bedrooms and lock the doors. We had to break down the doors in order to get to the crying baby on the other side!!!!
Posted by Camarillo CA Real Estate Agent/ Mana Tulberg (805 County Real Estate) over 3 years ago

Rich,

Excellent,  how about looking both ways while doing it and then taking boxes out of the house as you leave in a hurry?

Posted by Carmen Rivero Celebration & Kissimmee Real Estate (Casa Latino La Rosa Realty, LLC) over 3 years ago

Ahhh, I was afraid of that.  I've been paying to have my oil changed all along.  But I use a local mechanic.  Brad Andersohn has a post about Jiffy Lube rip-offs.  Ouch!

Big, BIG lol to Danny.  I can see him running back home to check for directions on his PC.

Posted by Pinecrest | Coral Gables| Maggie Dokic, SFR (Prudential Florida Realty) over 3 years ago
Rich, I like it. Can I use this when my wife locks me out?
Posted by John Evarts (Classic Property Management of Santa Clarita) over 3 years ago

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