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Updated over 4 years ago on . Most recent reply

User Stats

29
Posts
10
Votes
Matthew Holland
  • Rental Property Investor
  • Palo Alto, CA
10
Votes |
29
Posts

Foreclosure Completed...Should I evict?

Matthew Holland
  • Rental Property Investor
  • Palo Alto, CA
Posted

In 2015-2017 I purchased a bunch of tax liens. For the first time, I had one of the liens not paid off after 3 years. I started the foreclosure process earlier this year and it was just completed and the title was switched into my name.

I live in CA so I sent over someone to check out the property and look into changing the locks. It turns out the property is still occupied by the previous owners.

I'd like to ask the BP community for recommendations on what they think would be the best course of action in regards to this property. I don't have a strong preference for either selling or renting the house.

Some thoughts/questions I had:

- Would you recommend I try to evict the people living there?
- Could I sell something like this on auction.com?
- Should I see if the previous owner would be willing to sign a lease and start paying rent?
- Am I allowed to contact the previous owner directly? Should I try to hire a lawyer to do this for me?
The property is in Pinal County, AZ. I called a few property managers and most were not interested in taking on management of this property.

Any insights are greatly appreciated!

Matt

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