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Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
2
Votes
Ethan Epps
  • Sumter, SC
2
Votes |
15
Posts

Owner Occupied Foreclosure, Help

Ethan Epps
  • Sumter, SC
Posted
Closing on my second foreclosure bought at auction tomorrow in SC. It is owner occupied still. I informed them two weeks ago that I won the property at auction and would need to take full ownership of the property on 8/17 and they would need to be out. The owner isn't hostile and understands that they have to go but wants to remain until the end of the month because they are broke. I've already given them 2+ weeks in advance notice. I need advice on how to handle the situation, especially if you have experience with this in South Carolina. Occupant profile: two older ladies on SS, one with mental disability and another with cancer undergoing radiation treatment. Son lives at the property as well, likely 40's and works at a restaurant.

Most Popular Reply

User Stats

37
Posts
12
Votes
Robert Graham
  • Tampa, FL
12
Votes |
37
Posts
Robert Graham
  • Tampa, FL
Replied

Will Gaston Jake Ross great answers. The $200 cash may motivate them to move out so you will not have to go through eviction proceedings, which will cost you more in the long run. Perform a quick cost analysis on the eviction process to see just how much it will cost you, then offer cash to prevent the time/revenue lost.

Jake Ross contact me. I need to know how the rental/flipping market looks in Gaffney. I grew up there. I need you on my team as a realtor. We can be a value to each other.

  • Robert Graham
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