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User Stats

7
Posts
2
Votes
Calvin Penn
2
Votes |
7
Posts

Buying occupied property

Calvin Penn
Posted May 26 2024, 09:47

Hello. I just purchased a foreclosed property but it’s occupied. What should my next steps be to get the tenant removed? I purchased the home from an auction.

User Stats

197
Posts
76
Votes
Jason Taken
Lender
  • Lender
  • Chicago, IL
76
Votes |
197
Posts
Jason Taken
Lender
  • Lender
  • Chicago, IL
Replied May 26 2024, 10:38
Quote from @Calvin Penn:

Hello. I just purchased a foreclosed property but it’s occupied. What should my next steps be to get the tenant removed? I purchased the home from an auction.

Talk to a local real estate attorney to go over options (eviction, cash for keys, etc)

User Stats

343
Posts
103
Votes
Jacopo Iasiello
  • Investor
  • Miami Beach, FL
103
Votes |
343
Posts
Jacopo Iasiello
  • Investor
  • Miami Beach, FL
Replied May 27 2024, 08:10

Yes, legal actions to avoid conflict.

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User Stats

7
Posts
2
Votes
Calvin Penn
2
Votes |
7
Posts
Calvin Penn
Replied May 27 2024, 08:42
Quote from @Jacopo Iasiello:

Yes, legal actions to avoid conflict.

Thanks