Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 10 years ago on . Most recent reply

User Stats

28
Posts
13
Votes
Cheryle Patterson
  • Rock Hill, SC
13
Votes |
28
Posts

Seller has a occupant in tri-plex says he knows nothing about her but wants to sell the place without doing anything about her

Cheryle Patterson
  • Rock Hill, SC
Posted

We have found a wonderful investment opportunity for a 3 unit rental within a block of popular college campus.  The current owner purchased the property a little over a year ago in foreclosure.  We have come together on price but are having a huge scasim over an occupant in one of the units.  The current owner is out of state but is aware that one of the units is occupied.  We have spoken with the occupant and she claims she and her disabled son have been renting the palce for 4 months.  The seller says she does not pay him rent and he has no lease. I have no idea if she is a squatter as it appears that she is paying rent to someone who is not the owner of the property.  I tried to make (1)  a copy of the lease and (2) letter that seller has no security deposit to transfer to buyer as part of the offer. The seller is balking that he cannot provide this and the property is to be sold as is with a self-serving addendum that we will not sign on advice from our attny.  The addendum seems to be common with foreclosures but this is NOT a foreclosure now. I really want to purchase this property but am really scared about the potential liabilites from this squatter. Any advice?

Loading replies...