Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

93
Posts
54
Votes
Rob Pattison
Pro Member
  • Specialist
  • Hermosa Beach, CA
54
Votes |
93
Posts

Looking for advice on eviction sale for next week, 8/10/2022

Rob Pattison
Pro Member
  • Specialist
  • Hermosa Beach, CA
Posted

I foreclosed on a non-performing note I bought 2 years ago and now own a house in the Ferguson area of St. Louis, zip code 63135.  

The former borrowers, now unauthorized occupants have a lock out date from the sheriff for next Wednesday, the 10th.   I want to sell this house "as is", prefer cash.    Here are my questions:

1.  I've insured the house for $80k, including for liability.  Should I offer the occupants cash-for-keys not to damage the property on their way out the door?

2.  On the lock-out date, next Wednesday, I plan on having a locksmith there at the same time the sheriff arrives, as well as someone to appraise the property inside, check for vandalism and secure against squatters.

3.  After the above transactions, I'd like to then have potential investors / buyers walk the property, make me a cash offer, and I'll accept one of them.

4.  I don't believe I need a realtor for this transaction as I don't need to find buyers, I'm already getting postcards from people interested in buying.   I'd like to just pick a title company and have them run the transaction and save me 6%.

I'm interested in feedback.

  • Rob Pattison
  • Loading replies...