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All Forum Posts by: Lynnette E.

Lynnette E. has started 33 posts and replied 2423 times.

Post: occupied foreclosure, why did the bank ot evict?

Lynnette E.Posted
  • Rental Property Investor
  • Tennessee
  • Posts 2,458
  • Votes 2,401

I have been looking at some foreclosure properties and some of them are occupied.  

Why would a bank foreclosed property not evict folks that are in the property prior to selling it if they are not renters with a lease?  

If they are renters with a lease, it would have to be a long lease for the lease to still be active after the foreclosure process is complete.  It seems that the bank would get a lot more money delivering the property empty.

What kind of possible headaches would it be buying  a house with someone in it?  I am assuming it is a past owner who does not want to leave. 

Post: Help with Low Income Tenants

Lynnette E.Posted
  • Rental Property Investor
  • Tennessee
  • Posts 2,458
  • Votes 2,401

I am new here, can someone post a link so I can tell what a Class A, B, C, D, F neighborhood is?

Also, just for the OP to consider:  do you know for sure exactly what the lady is selling?  I once lived in a neighborhood where an elderly lady sold chips, candy and soda to the kids from her very messy garage.  Most kids in the neighborhood stopped by on the way to and from school.  Adults stopped by in the evening.  One day the police stopped by too, lots of them with their K-9 officer.  She had been selling drugs as well.  The K-9 found she was very well stocked with a wide variety of drugs stored in various places through out her messy garage.

And she was the nicest, kindest neighbor, everyone loved her!

Post: Does this deal sound fishy?

Lynnette E.Posted
  • Rental Property Investor
  • Tennessee
  • Posts 2,458
  • Votes 2,401

Maybe it not the house, but the neighbors.  If the backyard got that overgrown and the neighbors did not complain, maybe their yards and behaviors are worse.  Also, I'd make sure to cut the yard down before closing just to make sure the overgrowth is not covering up something.