Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
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 over 9 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
Faun K.
  • Investor
  • Santa Monica, CA
4
Votes |
28
Posts

Bidding on an REO that's occupied by owner's children

Faun K.
  • Investor
  • Santa Monica, CA
Posted

I'm in Los Angeles, CA and I'm looking to bid on an REO on the auction site "HomeSearch." It's occupied by the children of the deceased former owner...and perhaps all their high school buddies as well. It's a rather intimidating looking crew to even drive past. There are lots of them and they have VERY nice cars for congregating around this virtual tear down. Hmmm...drugs? I'm not sure. And as usual, there is very little info.

Does anyone have any thoughts about how much of a battle it would be to evict descendants of the deceased, foreclosed-upon owner... and all of their friends (think Boyz 'n the Hood)?  

  • Faun K.
  • Most Popular Reply

    User Stats

    15,747
    Posts
    10,945
    Votes
    Will Barnard
    • Developer
    • Santa Clarita, CA
    10,945
    Votes |
    15,747
    Posts
    Will Barnard
    • Developer
    • Santa Clarita, CA
    ModeratorReplied

    @Faun K.

     I would be very careful trying to buy this type of occupied property for your first or even fifth go round! Lots of bad things can happen and if you do not have the experience or financially abilities to ride out an expensive hold period, you will not come out looking pretty. Be very careful. I would suggest going after some other opportunities before trying your luck at this one.

    Loading replies...