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Updated over 3 years ago, 07/05/2021

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824
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1,098
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Joe P.
  • Philadelphia, PA
1,098
Votes |
824
Posts

Opportunity to purchase multifamily with one squatter

Joe P.
  • Philadelphia, PA
Posted

Hey all - looking at a purchase in Philly for a multi-unit property. I've heard from the sellers agent that one unit has a squatter. I see the eviction moratorium is in place through the end of the month, and then I assume the backlog begins, so it could be months before I even saw an eviction judgement.

Has anyone dealt with this situation on a potential purchase, especially in Philly? My gut says run, but my head says *IF* seller concedes enough, anything could be a good deal...

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