Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Tax, SDIRAs & Cost Segregation
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 over 7 years ago,

User Stats

26
Posts
13
Votes
Kenny Dahill
  • Investor
  • Tempe, AZ
13
Votes |
26
Posts

Closing - Current Owners Summoned

Kenny Dahill
  • Investor
  • Tempe, AZ
Posted

I'm supposed to close today on 2 townhouses, already 2 weeks late in closing.  There were some document issues with the family changing trusts a few years back.

Anyways, long story short the current owners had to evict both set of tenants.  My contract to them was contingent on it being vacant, because I intend to remodel.  Due to this the third unit doesn't close for another few weeks since they had to give them their 1-month notice.  Prior to my offer the owners were already going to evict the tenants and were actually in the process.

Today I showed up to one of the properties and there's a legal document summoning the owners to court.  I'm asking my escrow agent to hold off on closing until I've received more info from the owners. Am I indemnified from previous evicted tenants?  I don't know how they handled the eviction, just know they both were several months behind.  Is there any worry to close; should I hold off or is it safe to close?

Loading replies...