General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Buying a Property with Tenants Being Evicted
Hello everyone!
I have a couple questions regarding purchasing a property while some of the current tenants are in the process of being evicted. This is a property in Connecticut, just to specify the state, but I was wondering how this transfers over to the new owner?
Say I purchased the property when an eviction is going on, would it immediately restart now that I am the owner and I would have to restart the process? Or does the prior owner finish the case through court regarding it? Can he close with a current eviction occurring?
Please let me know what would happen and what avenues you would take in this situation. Would you take over the tenants evictions for a deal and start evicting yourself or make the old owner finish them? Kind of a weird predicament, but I feel I will run into this again!
If anyone has experience regarding this let me know!