REO (real estate owned) property where the previous owner live in
Hi,
I found a property with a great potential in a very nice location in Berkeley, CA. The property is on the market for 2 months. After getting disclosure, I found that it is REO where an old lady, previous owner refuses to leave the house. The bank got the house in 2019, but she used Covid eviction rule and has lived in over 3 years. The eviction was ruled but she appealed to the court to maximize her staying.
Here, my question is whether there is anyone who has a similar experience. And how long does the appeal process take and let her move out? Do you think that it is a crazy idea to buy it?