General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago, 08/26/2016
Occupied Foreclosure
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