Hubzu - Cash Only & Property May Be Occupied

[Chris S.]

Hello! Any help here would be awesome.  I'm looking at a property on Hubzu and this is the description:

No Showings: Property May Be Occupied

Seller does not represent or guarantee occupancy status. Buyer is responsible for obtaining possession of property upon closing. DO NOT DISTURB OCCUPANT. See contract for more information.

Click the "Watch" button above to make sure you're the 1st to know when this property is available for bidding! "As-is" cash only sale. No contingencies, viewings or inspections.

Is there a way I could purchase this with a hard money / private money loan?  Maybe someone from:

http://www.biggerpockets.com/hardmoneylenders/penn...

Then fix it and refinance it through a bank?

And if I would win, would I have to go to the house and evict them with force or the police??  Ha.. I really have no idea here, but if I could get the house at the right price and the process of taking ownership was in line with my ethics, I'd definitely consider the property.

Any help would be awesome!  Thanks.

[Account Closed]

I have some experience with this auction style website and a couple sales.

Here are a couple things to consider. Background- certain Hubzu homes are all cash b/c a financing offer would usually require an appraisal which is not possible while occupied. I was able to convince a PM to accept financing because I befriended the tenant who would allow access. Tough strategy- you have to overcome the obstacle of the tenant, and the PM.

The home’s lease is the prevailing document and the tenants have rights to continue to remain in the home through the duration of the lease. In the absence of any lease agreement, they would still require 60-90 day notice (research protecting tenants at foreclosure act or something similar).

I think hard money would be a stretch to because how could you present any information on the condition of the property inside or perform due diligence.