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Updated almost 7 years ago on . Most recent reply

User Stats

24
Posts
8
Votes
Jon Peterson
  • Real Estate Agent
  • Saint Paul, MN
8
Votes |
24
Posts

Experience with buying "Occupied" homes from Auction sites?

Jon Peterson
  • Real Estate Agent
  • Saint Paul, MN
Posted

Hello community!

I am wondering if anyone has bought any Occupied properties from auction sites recently. Hudson and Marshall, Auction.com, Hubzu, all seem to be selling a lot of homes that have just been foreclosed on, with the redemption period 4-5 months out. You are buying these houses site unseen.   Any history or experience is greatly appreciated!

Any background info on how the foreclosure process affects this experience is appreciated as well.

Thanks!

  • Jon Peterson
  • Most Popular Reply

    User Stats

    26
    Posts
    14
    Votes
    Ron Ramsden
    • Methuen, MA
    14
    Votes |
    26
    Posts
    Ron Ramsden
    • Methuen, MA
    Replied

    My last eviction in Massachusetts took 5 months for them to move via the court, left the place in shambles and was granted a repayment plan by a mediator of $ 50 per month till balance is paid off.... They still owe me $ 3600 this could take a while.  

    I would shoot for the unoccupied homes if I were you

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