Purchasing a multifamily with an ongoing eviction

[Chris Kane]

Has anyone ever purchased a property where the current landlord starts an eviction process when under contract to purchase? I am 7 days out from closing and the current seller has not completed the eviction they started for one of the units because the tenant has been dodging the processing server. They have now posted a notice of abandonment on the front door of the property since the tenant has been MIA the past 2.5 weeks to but it looks like the eviction is going to carry over past our closing date. The seller has agreed to set up an escrow account to withhold funds to cover the lost rent moving forward. Just wanted anyone who has gone through this to share their experience.