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Updated almost 6 years ago on . Most recent reply

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Dax Gurr
  • Investor
  • Ogden, UT
33
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75
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Ideas on how to remove "owner occupant" from auction.com property

Dax Gurr
  • Investor
  • Ogden, UT
Posted

I just bought a property from auction.com. I am set to close in a month.  I have not seen the inside but even if its a meth lab I got a great deal.  However, it is currently occupied.  Does anyone have any ideas on how to get rid of the current occupants.... aside from the obvious "cash for keys"that I will try first?

Thanks 

Most Popular Reply

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,946
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Cash for keys should always be your first option, however, offering the suggested $500 is not enough in my opinion to generate enough value to the occupants. They could easily get more by staying there for several months for free. Consider your legal costs of eviction, consider your holding costs while you do all of that and then offer a number closer to that. Make sure that the cash for keys offer includes your right to enter the property to assess the condition, take photos and only upon their exit and your reinspect ion thatbthe property is in the same condition do they get the cashiers check.

If you do not get anywhere, then upon taking title to the property, immediately file eviction and in addition, place a 2 day notice of owner to enter and inspect property. Do check your local laws as they may be different than mine here,now ever, owners have the right and responsibility to inspect their properties and ensure the property is safe, has the required smoke detectors and carbonmonixide detectors, etc. At least you will know what you have inside at that point. 

When you knock on the door when you make first contact and assess the property, and perhaps offer cash for keys, make sure you take the position that you are on their side and that you hate the banks. Make your best efforts that you are onthe same team, that the bank is the bad guy and though you are buying their house, you are doing to to help them. If you don't buy it, the bank will simply evict them which will go on their record. You on the other hand feel their pain and would like to offer them assistance in their move by perhaps hiring the moving van, offering them some financial assistance, etc.

Nice only works with some people, so if they are going to abuse the system and take you down a long nasty road, your will have no choice but to go down that road. Hopefully this will not be the case.

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