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38
Posts
11
Votes
James Runkle
  • Rental Property Investor
  • Crestline, CA
11
Votes |
38
Posts

tenant eviction during refi Center Point, AL area

James Runkle
  • Rental Property Investor
  • Crestline, CA
Posted

Looking for some advice and , or what to expect.

I am deep into refinancing a SFR in Center Point, AL , but need to serve tenant today with the 7 day notice.

Wondering if the lender will still complete the transaction. Home value is approx 100k and no mortgage, so I am using the funds for down payment on 3 other properties. Wondering if this eviction will prevent the refinance? Lease expires 9/6/2020.  Also, just paid for appraisal fee yesterday.  Should I wait to evict until after the loan closes. I have reserves to get me through the tenant evitcion.

Looking for a best plan of action, and thanks in advance.