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Updated over 8 years ago, 09/27/2016

User Stats

8
Posts
1
Votes
Adi Merx
  • Real Estate Investor
  • Florida
1
Votes |
8
Posts

The property is occupied...

Adi Merx
  • Real Estate Investor
  • Florida
Posted

Hello everyone,

I recently purchased a foreclosure property through the courthouse auction in Florida. The property is occupied. I have not yet made contact since I’m waiting for the ten day grace period to pass. I’ve called the utility company (water and electric) and asked them if they could verify the person’s name on the account. A few hours later I was able to confirm with the utility company that the person listed on the utility account was also listed on the Lis Pendens (one of three people).

I am familiar with the protecting tenants at foreclosure act of 2009. However, I have a strong feeling that the former owner is living there with some friends and that they will try to either give me a fake lease and/or have the friends act as tenants.
I’m a little confused about how I should go about this. When I make contact with the occupants what should I state, demand and/or offer?

I have read through the posts and there seems to be an agreement on cash for keys. Is this the first thing that I should do?

Should I offer cash for keys even if it’s the former owner who is occupying the property?

Lastly, how does one determine the starting amount for CFK?

Any comments, suggestions or advice is highly appreciated.

Thank you.

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