Buying occupied house at foreclosure auction

[Nick M.]

I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days. The house is currently occupied by the people that the bank foreclosed on. 

From your experiences, what is a good/effective/quick way to have the current occupants move out? 

Thanks in advance for your thoughts!

[Randall Alan]

Quote from @Nick M.:

I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days. The house is currently occupied by the people that the bank foreclosed on. 

From your experiences, what is a good/effective/quick way to have the current occupants move out? 

Thanks in advance for your thoughts!

@Nick M.

We have been through that situation several times.

It depends on your objectives with the property, but my first thought for you is - “are you sure you want them to leave?”

We actually rented the unit back to the existing tenants for as long as they wanted to stay because we didn’t have to do anything to the unit to start generating income.  
Also - presuming you paid more for the property than was owed on the mortgage due to competition on the auction (several presumptions there) - the previous owners are entitled to those excess funds from the court - which gives them a resource to be able to afford our rental rates.  this worked out well in the short term for us.  Or,  it also works out well to give them money to move on if you want them to exit.

As far as the basic question goes though, I just went to them and said,  “Hi, we bought your property in the foreclosure auction and you have a few choices…. You can either rent the unit from us at $X per month, or you can exit within the next 7 days, or we can have you evicted.  We would obviously like to avoid the last scenario if possible for everyone’s sake”. If no one answers the door, you can put that in a letter / notice and post it on their door.  

Worst case you can post a 3 day notice and just begin the eviction process if you can’t make contact with them.  Eviction is really your only legal option if they are not communicating with you.  

All the best!

Randy