Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Landlording & Rental Properties
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 8 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Ardo Kalaydjian
  • Real Estate Investor
  • Tarzana, CA
0
Votes |
4
Posts

Seller Squats After Escrow Close

Ardo Kalaydjian
  • Real Estate Investor
  • Tarzana, CA
Posted

I purchased a home about two months ago, the deal was after we closed escrow the seller wanted to do a rent back for two months, which I was okay with. As of the end of August we were suppose to get our keys and the seller was suppose to be moved out. Now the sellers son has decided to stay and squat at the property for another month til the end of September, with the exception all of the escrow security funds coming back to me (buyer), am I entitled to split or give up any of the escrow funds with the sellers son due to him squatting in my new property. My intentions are to remodel and move into my new home. How can I take legal action to evict him out of my new home as well as claim the Security deposit back to me since of breach of contract on the rent back. Note the escrow company is aware of the breach. Would a Unlawful Detainer help the process of getting this squatter out of my home?

Any thoughts.

Thanks,

Most Popular Reply

User Stats

7
Posts
3
Votes
Rodney Mullins
  • Investor
  • Dayton, OH
3
Votes |
7
Posts
Rodney Mullins
  • Investor
  • Dayton, OH
Replied

Ardo

It seems you might have a line of communication with the squatter. Find out why it is that he feels he needs to live there for a month. See if its a problem that can be solved creatively rather than legally.

I purchased a property that was occupied. Rather than going through a long eviction process I talked to them.  The reason they wouldn't or rather couldn't leave the property was because they didn't have the money for a security deposit and first months rent on a new place to move into. I asked them if I paid their security deposit would they be willing to move without going through the eviction process.  They immediately said yes. I arranged a mover for them and the day I provided them with the security deposit (it was actually given directly to their new landlord) they were gone and the problem was solved in less than 4 days. It was less than I would have spend on the eviction and the time waiting.  Was it money I should have spent, No but neither is the cost and time value that an eviction would have taken. But the problem was solved and I was able to move on with my plans for the property.

See what the true root of the problem is and see if you can help fix it. It might get you further than taking the standard eviction process.  But no matter what you decide act quickly.

Good Luck

Rodney

Loading replies...