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Updated over 6 years ago,

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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
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2,458
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occupied foreclosure, why did the bank ot evict?

Lynnette E.
  • Rental Property Investor
  • Tennessee
Posted

I have been looking at some foreclosure properties and some of them are occupied.  

Why would a bank foreclosed property not evict folks that are in the property prior to selling it if they are not renters with a lease?  

If they are renters with a lease, it would have to be a long lease for the lease to still be active after the foreclosure process is complete.  It seems that the bank would get a lot more money delivering the property empty.

What kind of possible headaches would it be buying  a house with someone in it?  I am assuming it is a past owner who does not want to leave. 

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