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Updated over 10 years ago,
Listing a potential short sale w/ tenants going through eviction
I've got an investor that wants me to list one of his SFR and handle the short sale if it doesn't sell. I've got another one of his rentals listed right now, and I'd like to help him out with this one too. The problem is, he has been trying to evict the current tenants for 6 months. They won't let him in the house. His next court date is in a few weeks and he thinks it will help move the process along if its listed.
Would another investor even entertain the notion of buying a SFR with bad tenants and just continuing the eviction fight? This house is in a warzone. fair market value is roughly $45,000 for this 4BD 3 story brick colonial. I've got two other listing in this area and they seem to only attract cash buying investors.