Bank owned property for sale, former homeowner won’t leave

[Peter Zoltowski]

I came across a REO property for sale in a Delaware. It's priced at about half of what similar homes sell for in the neighborhood. The problem is apparently the former homeowner is still occupying the home and has no intention of leaving and there is currently a ban on evictions. Any thoughts on how I could make this work? I contemplated making an offer below asking price and offering the former homeowner cash for keys or just waiting till the ban on evictions is over. I also thought about approaching the former homeowner and trying to get them to sign a lease and pay rent but I've heard in the past this is a bad idea. I appreciate any ideas or feedback.

[Wayne Brooks]

The eviction ban typically applies to tenants not paying rents.  This may be more of an ejectment/writ of possession or whatever they call it there.  I wouldn’t let the temporary conditions affect a good long term investment.