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Updated about 11 years ago on . Most recent reply

User Stats

103
Posts
35
Votes
Chris Da
  • Real Estate Investor
  • Phoenixville, PA
35
Votes |
103
Posts

Purchasing a house with occupants..questions...

Chris Da
  • Real Estate Investor
  • Phoenixville, PA
Posted

Hello, and thank you for your help ahead of time.

I am bidding on a house that is listed on HUBZU.. It is bank owned. I just did a flip 6 houses away from this house and did extremely well. I have purchased many house for rental purposes or for flips in the past, but I never bid on a house that is bank owned, but STILL has occupants. It said on the listing not to disturb occupants and it is up to the buyer to get them out.

My question is...why hasn't the bank got rid of them? It went to sheriff sale. I have bought 6 house that were bank owned in the past, but like I said, they were vacant.

How difficult is it to get them out? Why are they still there, and why didn't the sheriff remove them?

Hate to lose the deal, or worse I am high bidder and get it only to be stuck with them. Any input would be great.

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