Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 about 4 years ago on . Most recent reply

User Stats

5
Posts
4
Votes
Karah Katenkamp
  • Rental Property Investor
  • Ohio
4
Votes |
5
Posts

Sherriff Sale Auction : Cash for Keys

Karah Katenkamp
  • Rental Property Investor
  • Ohio
Posted

I just bought my 1st property on a sheriff sale that is actually occupied. I am in Ohio and its freezing. I would like to make sure that once she leaves, the heat does not get turned off and the pipes freeze. Does anyone have any suggestions on strategy? I have thought about giving cash for keys. Do I have a legal right to do that before the confirmation of the sale? Thanks in advance! 

Most Popular Reply

User Stats

3,042
Posts
1,770
Votes
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
Posts
Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Karah Katenkamp have you spoken with her yet...it's usually best to try and build rapport in these situations...losing a home would suck and upsetting the occupant could have dire consequences. Offering cash for keys is a good start...we would normally explain the alternative scenario in detail...meaning that once the sale is confirmed and the deed is transferred you become a landlord...this is a civil issue and the police will not get involved...meaning you file eviction as a last resort. The eviction lawsuit is a permanent mark on her background and probably prevents her from being able to rent anywhere decent ever again...

I would consider a couple of backup plans if she refuses, like getting a lease in place...do some more research on squatters and squatters rights in Ohio...its horrifying, but valuable to understand the process.

How long has she lived in the home before the sale?

  • Brandon Sturgill
  • 614-379-2017
business profile image
Realize Property Management Group
3.8 stars
13 Reviews

Loading replies...