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Updated almost 6 years ago on . Most recent reply
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Seller Evicting tenant on a property I am buying.
I am buying a book of 6 properties, the seller that is pushing to sell quickly. The problem one of the properties the tenant is 5 months behind on the rent and he just started the eviction process. From my research I was told that once I take possession the law suit starts over and is mine to restart. He also wants to sue her for the $3500 in lost rent and garnish her wages. Can he do that if I take possession and finish the eviction?
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@Joel Ray Cotton this would be a question for your closing attorney. Depending on where they are in the eviction process I personally wouldn't want to acquire the property to only have to turn around and begin the eviction process which can potentially cost thousands of dollars and take a few months to get the tenant out.