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Updated over 9 years ago on . Most recent reply

User Stats

60
Posts
9
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Jake Silcott
  • Real Estate Investor
  • Denver, CO
9
Votes |
60
Posts

Renter threatening a lis pendens on my fix and flip property

Jake Silcott
  • Real Estate Investor
  • Denver, CO
Posted

Hi all, 

We just bought a property in Denver, Colorado to fix and flip that has a tenant in place. She has been living there for about 9 years and has said that she had a verbal agreement with one of the past owners (2 sales ago) to buy the house on a lease option. I personally believe that she is making this up. We plan on flipping the house and have offered to let her stay for 2 months to find a new place, move, etc, except every time we try to get her to sign a lease for that period she says she needs her lawyers to review it first and it ends up being one excuse after another. Today I told her to sign the lease or I would start the eviction process. There is currently no lease in place. She threatened to file a lis pendens. I don't think she has much basis for a lawsuit but I'm concerned that if she actually did this it could prevent us from selling after the flip is complete.

My question is...can she just cloud title with a baseless lawsuit/lis pendens? Is there anything I can do to prevent this or otherwise address it? Any other insight is greatly appreciated as well.

Thanks in advance!

Most Popular Reply

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5,659
Posts
1,832
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Elizabeth Colegrove
  • Hanford, CA
1,832
Votes |
5,659
Posts
Elizabeth Colegrove
  • Hanford, CA
Replied

as a landlord I am very jaded! In this case I would be done with it! I would have a lawyer send a letter saying this is her x notice! She's out! I would say we will go against her to the fullest extent for eviction and legal bills! It's suprising once your stern, professional and don't give an inch thing go better.

Unfortunatly I find being nice bites me on the tush in busienss s

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