Updated over 9 years ago on . Most recent reply
Eviction is killing my deal
House flipping deal problem. Help Dear Friends!!
2bd/1ba mobile home on a 1.8 acre in So Cal.
Seller 86yr old,almost blind and handicap.
Bad tenant, month to month doesn't pay rent
Lowest sold Comps at 50k (for land alone)
I negotiated down to 20k, I have my own cash too.
Professional Eviction cost $1300 worst case.
Putting a home in Escrow to evict eliminates most tenant's legal leverage.
but the seller pulled out - stressed by lengthy eviction process (about 90 days) even though I commited to take care of everything.
Do I save this deal somehow or move on?