REO Purchase - Former Owner Still Living in Home
Hello,
We are about to close on our first REO property which we purchased to flip, and we are very excited about this deal. We bought the home on auction.com for $46k, which is the same price FMAC bought it for at foreclosure. The home sold for $97k back in 2010, so we are guessing we can sell for over $110k after rehab.
Just driving by the property, it appears that someone is currently living there. I am guessing this is just the former owner who foreclosed and is just living for free until someone tells her to get out.
My question is, what is the best strategy to get this person out as quick as possible BEFORE we file for an eviction? (cash for keys, etc.)