Occupied property
I’m taking possession of a property next week that is occupied. It was foreclosed on and the owners appear to have rented it out to others. I drove by many times and see no evidence of them planning a move. I will make contact after I own it. It’s in Prince Georges County and I’m trying to figure out the best approach. A friend of mine said if they are not moving anytime soon or have a lease that I must honor I should offer them cash to move immediately. That sounds like it can work because I want to move on it quick. Are there any other suggestions? I know others have come up upon this.
Most Popular Reply
I think cash for keys is your best choice. However be aware tenants in a foreclosure situation have rights. You may have to honor their existing lease. Check with an attorney.