I won the bid now I am nervous

[Margaret Connor]

I won a bid for a tax lien sale in Pulaski Tennessee. I was over the moon... at first. I drove by the property a few times and it looked fine. Did my research on what it was worth, but what I did NOT do was research the properties around it. It seems the surrounding plots are all owned by the same family. And since the sale the house seems to have been tagged with spray paint. Someone is still living there as I noticed some times there is a truck in the driveway and sometimes there isn't. I know there is a year redemption period and that time will be up in March 2026 so I have some time to prepare. What should I be doing if anything right now?

[Drew Sygit]

@Margaret Connor how well do you know the redemption and eviction laws for the property area?

Can you negotiate with the property owner to Quit CLaim their interest to you for an amount that makes sense? You would then be able to take ownership of the property quicker - to mitigate potential damages.

Who is occupying the property, the owner or a tenant? Once you have ownership, you may need to negotiate cash-for-keys to obtain possession faster than going thru the eviction process.

May NOT be a good idea to patiently wait to see what happens. You can Google to find horror stories of occupants that stripped and/or trashed a property before being evicted. 
- So, check local laws to see if you have any legal rights to protect the property from damages or abandonment.