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Mikel Graham
  • Real Estate Investor
  • Champaign, IL
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Foreclosed homes with tenants still there?

Mikel Graham
  • Real Estate Investor
  • Champaign, IL
Posted Jan 14 2012, 13:07

I did some searching for recent (past 2 weeks) foreclosures at my county's recorders office. I just got back from checking out the properties and all but one still had tenants in them.

What does this mean exactly?

I'm looking for properties to wholesale but it seems to be that these recently foreclosed properties are technically off limits.

Could I still place on a bid on these homes? Should I just wait a week or two and check them out again to see if the tenants have left?

Any advice would be appreciated.

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