Owner Arrested, refused re-entry to home & squatters can stay.

[Mary B.]

Hey BP,

So yea, you read it correct and here's the full story link  http://6abc.com/news/property-owner-arrested-in-sq... we can wonder if it started off as house-hacking or what but quite the conundrum  nonetheless. Philly landlords alert.

Kudos,

Mary

[Kevin Delaney]

A lot of this is going on in Philly.  It's a scam they're running to get cash for keys.  Going through a similar situation now with a bank owned property.  My client was purchasing a triplex for a house hack.  Couple days after our offer was accepted, in move the squatters.   Bank offers them cash for keys and gives them a month to move out.  Then they're on to the next one.  They present a signed lease (not in the owners name).  So, they come off as if someone scammed them and they are the victims.  Which I'm sure has happened too.