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Updated 6 days ago on . Most recent reply

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7
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Margaret Connor
2
Votes |
7
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first bid won potential disaster

Margaret Connor
Posted

Ok. I won my first bid for a property in Tennessee a year ago- purchase price 10k. The one year redemption period has passed and I now have the deed in my name. I was contacted by the neighbor next door who is interested in purchasing it for 12,500. He mentioned septic issues. I researched and it turns out the septic tank was placed on a separate parcel owned by a third party. This morning I got a call from the same neighbor informing me that the previous owner (who had been in orison for selling meth) was released today and dropped off at his last known address. He is now in the home. I live out of state and will not physically be there for three months. I have informed the local police department and they will swing by there today, but have told me that this is now a civil matter. Today is Sunday so I can't get in touch with the courthouse to file for eviction- any suggestions? Should I file myself or do I need a lawyer? Next steps?

  • Margaret Connor
  • Most Popular Reply

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    Don Konipol
    #1 Innovative Strategies Contributor
    • Investor
    • The Woodlands TX / Avon, Ct
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    Don Konipol
    #1 Innovative Strategies Contributor
    • Investor
    • The Woodlands TX / Avon, Ct
    Replied
    Quote from @Margaret Connor:

    Ok. I won my first bid for a property in Tennessee a year ago- purchase price 10k. The one year redemption period has passed and I now have the deed in my name. I was contacted by the neighbor next door who is interested in purchasing it for 12,500. He mentioned septic issues. I researched and it turns out the septic tank was placed on a separate parcel owned by a third party. This morning I got a call from the same neighbor informing me that the previous owner (who had been in orison for selling meth) was released today and dropped off at his last known address. He is now in the home. I live out of state and will not physically be there for three months. I have informed the local police department and they will swing by there today, but have told me that this is now a civil matter. Today is Sunday so I can't get in touch with the courthouse to file for eviction- any suggestions? Should I file myself or do I need a lawyer? Next steps?

    People giving advice on this thread MEAN well; but the advice can be harmfully incorrect for 2 reasons: first, the posters are not legally educated nor trained, nor practice law so they may be incorrectly classifying the subject action; second even if they correctly classify such action they are probably stating how the law in the state(s) they are familiar with treats the situation, not necessarily the same as the state the property is located in.  
    You can look to this forum for moral support, but until you (1) verify exactly what the situation is (and isn’t) and (2) speak with an attorney specializing in real estate law in the jurisdiction the property is located in, you’ll be running numerous scenarios through your mind which may in no way apply to your specific problem. 
    • Don Konipol
    business profile image
    Private Mortgage Financing Partners, LLC

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