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Updated almost 12 years ago,
Advice
I have a contract to purchase a SFR REO, but here is the problem the owner of the property is still in the house, but the seller of the REO has already foreclosed on the property and they are in the process of the eviction with the lawyer. I am able to buy it now before the eviction is completed for a better price, but that means I would have to pick up where the seller of the REO left off with the eviction. My question is as of right now am I buying the non performing note to the property since the owner is still living there and the eviction process is not done or am I buying the REO.