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Toni Chang
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Foreclosure Auction Sale that never sold and has Section 8 tenant

Toni Chang
Posted
Hey Everyone, Situation - Forclosed Home went to an Online Auction. After emailing the agent she told me it never had a bid and I was asked for highest offer to propose to seller. Property has a current Section 8 HUD tenant. Property value roughly 100k and renting for $1000/month. 1) I currently do not have an LLC but is it easy to switch the property under one after being purchased? 2) States that the property comes with title insurance and I emailed town treasurer but publicly it looks like taxes were paid. Should I hire a lawyer? 3) Any steps I should be doing or what are my next steps. Thanks!

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