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Updated over 11 years ago,

User Stats

7
Posts
4
Votes
Chandra L.
  • Lady Lake, FL
4
Votes |
7
Posts

Offer on SFR with unauthorized occupant

Chandra L.
  • Lady Lake, FL
Posted

I am a new investor and am wondering if anyone has advice on how/if to make an offer on a home that has an unauthorized occupant? Would you make an offer contingent on the seller getting the occupants out, but offer to pay the seller's legal fees at closing for ejecting these occupants? Would you also add a contingency to make the inspection period start after the occupants are out? The situation is that seller lives remotely and inherited the house (and didn't know that until recently), doesn't want to spend the money to get the occupants out and just wants to get rid of the house. The house is also in pre-foreclosure, and I do not know the payoff amount of the mortgage, but the seller says it is less than what they want for the property (although she is not sure of the exact amount). Any advice on how to approach this and break it down into an actionable plan for making an offer (what I should do, and when)? Would anyone here take the (substantial) risk on buying the house with the unauthorized occupants still there, and do the ejectment themselves? Do I need to know the mortgage payoff amount before making an offer, or do I make the offer and then worry about that later? Thank you!

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