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jameshogg

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johnjon
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jameshogg

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elnoralittle
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gmakerley
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carlpruitt

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Posted: Thu Nov 20, 2008 11:58 am Post subject:
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This thread is a little old, but I'd love to know if anything has happened.
Many people end up in foreclosure because they have just mentally shut down under stress and they just don't acknowledge everything that is going on. In addition, up until the time of the actual sale, owners usually have the right to catch up the payments and continue with the loan as it was. The ones that aren't emotionally shut down often keep trying up to the last minute and beyond trying to find the money they need to keep the home.
So very frequently, homes are auctioned at foreclosure with the soon to be previous owner still living in the home and investors often buy the homes knowing they will have to evict the previous owners. It is a very common situation.
All you have to do is follow the normal eviction procedures in your county for tenants holding over. Usually that is to give notice, then file the eviction and have the sheriff serve it, then go to court and obtain the dispossessory order, then schedule and carry out the eviction. It is much more difficult for a previous owner holding over to delay that process than it is for a renter to delay it.
It is perfectly legal to offer that previous owner money to help them move out as an alternative to the more confrontational method of the eviction process. I didn't see the thread where you were asking questions, so I don't know if you bought the property as an investment or not. If it is an investment property, then it can often be rented or lease purchased to the previous owner now that you have cleared the deck on the liens. Bribery is generally only illegal when a person in authority is bribed, not when a financial incentive is offered to someone who hasn't earned it.
Good luck with it if you haven't resolved it. Would love to hear what has happened. _________________ Carl Pruitt
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