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Updated about 4 years ago,

User Stats

6
Posts
3
Votes
Doug Hickey
  • Handyman
  • Havre de Grace, MD
3
Votes |
6
Posts

Occupied Auction properties

Doug Hickey
  • Handyman
  • Havre de Grace, MD
Posted

Hey all,

I see quite a few properties being auctioned that are occupied. Some auctions seem like a good deal, although, unlike previous years, banks are holding out and attempting to get market value.
It's the buyer's responsibility to remove the occupants as a new owner. I'm sure each state has different laws but with the extended moratorium on evictions as well as foreclosures, this seems like a bad option to acquire an auctioned property. My gut is telling me it'd be best to wait out the state of emergency and moratoriums. 

Has anyone experienced getting an occupied property and being able to flip it in the current Covid situation?

Thanks in advance.

Doug