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Updated over 9 years ago,

User Stats

10
Posts
0
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John Walker
  • Investor
  • Hillsborough, NJ
0
Votes |
10
Posts

Tenant issue in foreclosure acquisition

John Walker
  • Investor
  • Hillsborough, NJ
Posted

I just found out today that my offer for a foreclosure was accepted by the bank...I intend to purchase the property with an FHA construction loan which requires me to live in the house and begin construction within 30-45 days of closing.

However,  there are tenants in the house that have a lease with the previous owner that goes through August 2016.  Is there anyway to get them to leave the property?  I've researched the topic and it seems very difficult to evict tenants in this situation in the state of NJ.

Any suggestions on how to attack this would be greatly appreciated.

Thanks for your time,

John

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