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Updated about 8 years ago, 08/26/2016

User Stats

23
Posts
9
Votes
Kyle McGee
  • Developer
  • Gulf Breeze, FL
9
Votes |
23
Posts

Occupied Foreclosure

Kyle McGee
  • Developer
  • Gulf Breeze, FL
Posted

I am currently in the process of valuing a foreclosed property for a potential flip/rental and have come across a potential setback. It is being sold on auction.com and I almost went and knocked on the door because I saw a car in the driveway.. Luckily I didn't and I checked out the listing on auction.com again and one of the bullet points states "This property is reported to be occupied and buyer is responsible for obtaining possession." also " Do not disturb client. It is a criminal offense to trespass on this property"

So is this a sight unseen auction? Is this common with foreclosures? I would hate to buy this particular property and the inside of the house be an absolute wreck inside. And if I were to buy it what does it mean buyer is responsible for obtaining possession?

Any feedback would be greatly appreciated.

-Kyle McGee

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