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Updated about 10 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Lynn Y.
  • Investor
  • New Haven, CT
3
Votes |
15
Posts

question about Hubzu auction: inspection and occupancy

Lynn Y.
  • Investor
  • New Haven, CT
Posted

Questions regarding Hubzu sale:

1.  If you won the aution, can you, on the purchase/sale agreement, put contigency to inspection of the property.  (there is a box on their sample doc 2.19).  Reading from above, it seems some of you are able to have inspection done and back out if issues.

2.  There is always this language about "seller does not garantee occupancy status".  Can you ask seller to evict current occupant on the purchase/sale agreement?  Will they do it or it depends on bank or they will never do it.

What is your experience in above?  Very much appreciated.

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