I do however make one change.When I serve them the eviction notice, I do put on a happy countenance and smile...

In fact, by giving notice to the lender before you buy, you will actually avoid that.

Trying to put an offer together for a BANK OWNED Property in Castle Rock.Public Trustee Sale December -2011 WELLS FARGO takes TitleJanuary 2012 WELLS FARGO transfers Title to FANNIE MAEJune 2012 - Occupants still there, and allowed Scheduled House Showing.Bank Counter Terms say they WONT GUARANTEE POSSESSION on Closing Date!

Needless to say, when the renewal notice came I didn't think twice.

In Maryland notices to the homeowner say they must respond in 30 days, but the foreclosure itself can take another year and the owner can redeem at any time until the foreclosure is final.

But you only notice that half way through your stock!

I let them know that we give 2 days grace period and on the 3rd an eviction notice will be placed on the door.

@Anthony Martin ,I am active in the Self- Storage niche and just wanted to clarify something I noticed in your post.

Have never purchased a Freddie Mac property, but Fannie Mae does prohibit conveying the property for specific sales price (usually 20% higher than the purchase price) for 3 months.

The problem is that most lenders have fannie mae overlays that require seasoning.