Real Estate Agent · Austin · Member since 2019 · 100 posts · 28 votes
I am looking to buy a house from hubzu.com. It is currently occupied. As I noticed by investigating hubzu, the bank will raise the price by about 100k when they evict the owner. How do I find out if the eviction notice was served? I am thinking to bid exactly when it is served, since the bank drops 20k every month and the more I wait the cheaper I will get it. Any ideas on where to get the info on the eviction process?
Aloha, Sophie. The terms of the sale should state whether or not the buyer is responsible for evicting the tenants. The occupied homes I've seen for sale on hubzu typically say the buyer is responsible for filing the eviction and serving the tenants, or "buyer's responsibility to gain possession."
If the property is on Maui, I can refer you to a good lawyer to help you with this. Should cost $3-5k.
I have done a couple from auction websites in Maui the last two years. Two ended really badly. Took me 6 months to evict and I still can't sell because occupants keep making up lawsuits. The Sheriff don't act here unless they absolutely have to and its after a long time of talking to the occupants before they even act. Just plan on holding the property for a long time before entering.