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Foreclosures

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Thomas Ruf
  • Rental Property Investor
  • Knoxville, TN
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Bought Foreclosure, now what???

Thomas Ruf
  • Rental Property Investor
  • Knoxville, TN
Posted May 14 2015, 17:01

I purchased a foreclosure via auction this morning. A trust company facilitated the transaction. I spoke with a few neighbors and learned it was a divorce. I'm now waiting for a deed (up to 10 days to receive). It appears to neighbors and self that nobody is there.

I'd like to start renovating, but what if the previous owners have been going back and forth to the property over time to pickup things in lieu of the auction? 

Question 1: If the original owners are accessing at random times to get their belongings, does this mean it's occupied in TN? I want to start renovating but afraid to show up, change locks, and then learn after the fact that the original owner(s) have been there on/off. I don't want to violate any of their rights, yet want to get this house flipped!

Any thoughts on this is greatly appreciated.

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