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38
Posts
11
Votes
Sam Ferguson
  • Real Estate Broker
  • Tampa, FL
11
Votes |
38
Posts

Foreclose, renters won’t move

Sam Ferguson
  • Real Estate Broker
  • Tampa, FL
Posted
Hey BP, I have just bought a property out of foreclosure. I bought it for a quick flip, but the people living in it did not own it and did not know that it was being foreclosed on. I talked to them and they said they need 6 months to find a place, so I gave them a 3 month lease. Looking for ideas to get them out, to start renovations and to flip quicker. Looking for any tips, ideas, or anyone that has been in a situation like this! Thanks!

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User Stats

4
Posts
3
Votes
Jennifer Hurt
  • Lincoln, NE
3
Votes |
4
Posts
Jennifer Hurt
  • Lincoln, NE
Replied

Since you wrote a lease they became your tenants. You must give a 30 day notice to vacant. Then if they do not move you must evict. If you wan tthem out now you might try cash for keys....

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