Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 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
  • Loading replies...