All Forum Posts by: Robert Shaw

Do not offer cash for keys yourself. You will be the target of their hate. Send in a RE agent or have your lawyer mail a letter. 

The prob with 3 fam is they all have to agree to cash for keys (unlikely). Otherwise you have the same delay. The last eviction in Essex County I did took 6 months through Trenton, Essex Chancery Court, Sheriff's Office delays. 

Judges are sympathetic to people who claim they have nowhere to go, and they know that if they're kick out to the curb, it will be the county paying for social services. 

Eviction also means destroying the property. I saw someone buy at Essex Sheriffs a few months ago and listed the property on MLS without rehab at cost. The property has ripped ceiling, walls, graffiti, and basement is flooded. Basically he lost money because the building is in condemned status.

Talk to a foreclosure lawyer.

3 fam tenant eviction is the problem. I recommend a lawyer because you'll need to file in Trenton and it could take a while if tenants fight. If they have kids in school they'll tell the judge they need to wait until school year ends, blah blah... after Trenton gives their ok which takes 1-2 months, you go back to Essex Sheriffs and they take 1-2 months to schedule, then the tenant or landlord can stop the eviction process by appealing to the judge, and the liberal judge will give them more time and more hearings, then you go back to the Sheriffs, pay for locksmith movers, and a month of storage.

Not easy, which is why I'm befuddled why so prices are bid up so high at Sheriff sales. By the time you're done, you're close to retail.