Posted on: 09th Jun, 2010 01:07 pm
I have a property in RI.
A private investor bought the property at foreclosure and verbally allowed the homeowner who was foreclosed on to say while he was showing the house.
House is under contract now.
Foreclosed person said they will leave on 17th.
What happens if they don't leave?
Does investor have to evict them?
What happens if they leave the property is then deeded to the new buyer and the foreclosed people come back?
Please advise.
Thanks
A private investor bought the property at foreclosure and verbally allowed the homeowner who was foreclosed on to say while he was showing the house.
House is under contract now.
Foreclosed person said they will leave on 17th.
What happens if they don't leave?
Does investor have to evict them?
What happens if they leave the property is then deeded to the new buyer and the foreclosed people come back?
Please advise.
Thanks
Hi sgibbons,
As the private investor has purchased the property, he can force the previous owner to leave the property immediately. He can serve a 3 day notice to the previous owner and ask him/her to leave asap.
The foreclosed people won't be able to come back after the property is deeded to the new buyer.
As the private investor has purchased the property, he can force the previous owner to leave the property immediately. He can serve a 3 day notice to the previous owner and ask him/her to leave asap.
The foreclosed people won't be able to come back after the property is deeded to the new buyer.
I am agree with adinos that private investors have rights to give the notice period of the previous owner and also ash for to leave asap.