Bank owned short sale tenant occupied?
Need advice...have a potential opportunity for primary residence deal. Short sale bank owned but tenant occupied month to month. What's the best way to go about this where we wouldn't get screwed over with tenants not leaving? Long Island currently has the executive order on evictions. Is it too high risk? REO broker says if we play nice, it shouldn't be a big deal with a financial incentive to get them to leave. What exactly does that mean? Tenants are middle aged parents with 6 kids - one just graduated high school. Asking 579k for a house that sold for 775 in 2002. We'd probably offer 550 because it's occupied. Help!!!!!