Updated about 17 years ago on .
Closing with tenant in property?
Is it possible to fill out a post occupancy agreement indicating tenant has 10 days to vacate property and close with a hard money lender? I have checked the lender's website and it says: Due to insurance restrictions and issues with construction work around tenants, EDC will not fund properties that are occupied at the time of purchase.
Is this the case with all hard money lenders or just this one? Tenant has no money to vacate the property. Is there a way or loophole around this? I guess tenant can maybe leave their stuff in the house, come back and move everything out w/in 10 days but just not sleep there.