Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 8 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Derek S.
  • Wardsboro, VT
2
Votes |
13
Posts

Auction.com - Occupied Bank Owned or Forclosure Sale

Derek S.
  • Wardsboro, VT
Posted

When I look at potential properties on Auction.com I see a decent amount of potential deals.  Some of them are enticing because they are occupied multi-family forclosures or bank owned sales.

One of the transaction details is  "This property is reported to be occupied and buyer is responsible for obtaining possession."

Is there any slick way to determine if the current occupants have a rental payment history?  Is there any slick way of determining what the rent is and if any of the occupants are the current owners?

The reason why I am asking is that I want to avoid purchasing an occupied house with squatters or tenants that aren't paying rent.  I wouldn't want to have to evict the current occupants immediately after purchase.

  • Derek S.
  • Loading replies...