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Updated almost 14 years ago on . Most recent reply

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Dan O.
  • Real Estate Investor
  • Massachusetts
0
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15
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Bank owned owner occupied?

Dan O.
  • Real Estate Investor
  • Massachusetts
Posted

Would you buy a owner occupied bank owned property?
Do hard money lenders even lend on owner occ. properties that you would then have to evict yourself?
Thanks

Most Popular Reply

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Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
380
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Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
Replied

That's simply not true. I've seen plenty of REOs listed as "subject to interior inspection" and "please do not disturb occupants". Not saying that's how I would choose to handle an asset disposition, but I've definitely seen it.

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