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Updated about 14 years ago on . Most recent reply

Joshua B.'s profile image
Joshua B.'s profile image
Joshua B.
  • Real Estate Investor
  • Member since Dec 1, 2010
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Joshua B.'s profile image
Joshua B.'s profile image
Joshua B.
  • Real Estate Investor
  • Member since Dec 1, 2010
Connect
Joshua B.
  • Real Estate Investor
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General Landlording & Rental Properties

Tenants Occupying REO

Joshua B.
  • Real Estate Investor
Posted

Found a soon to expire multi-family REO listing occupied by tenants paying rent well below market in Northern California. The price has come down several times (30% from the original list price) and property will go to auction soon if the bank does not find a buyer.

Before I entertain making an offer, I wonder is there a legal strategy to employ to encourage the tenants to move?

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