Home Buying in Atlanta>Question Details

Arkla, Home Buyer in Atlanta, GA

HELP...ANY SEASONED REALTORS... WHAT CAN BE DONE TO REMOVE A SQUATTER FROM A REO PROPERTY?

Asked by Arkla, Atlanta, GA Thu Jul 18, 2013

I WANT TO PLACE A OFFER ON A HOME, BUT BANK SAYS THEY HAVE BEEN FIGHTING OVER 2YRS TO REMOVE ILLEGAL/SQUATTER TENANTS FROM HOME. WHAT CAN BE DONE, THEY ARE READY TO SELL HOME & I'M READY TO BUY. ANY RECOURSE BUYER CAN TAKE?

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9
I would like to cleam REO house... Any work available
0 votes Thank Flag Link Mon Jul 22, 2013
what happens when return fire consists of lead and not paint???
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Fri Jul 19, 2013
Buy a paint ball gun...it is harmless but has just enough power to do the trick!
0 votes Thank Flag Link Fri Jul 19, 2013
Don't buy anything with a hostile tenant, would you want to assume that responsibility?

If you think there is monkey business going on then have your agent inquire with the listing agent and as/if needed with the lender. You can also run a title on the property to see any liens - all which should have been disclosed or discovered.

If that fails to get answers, speak with the managing broker and have your agent elevate things up until you get answers.

You do have an experienced agent of course?
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Thu Jul 18, 2013
I HAVE BEEN BACK N FORWARD W/ BACK AND LISTING AGENT. CLAIMS IT HAS A TITLE ISSUE & LEGAL BATTLES..I BELIEVE AGENT HAS INTEREST IN PROPERTY!
0 votes Thank Flag Link Thu Jul 18, 2013
After you take possession you can file an eviction
0 votes Thank Flag Link Thu Jul 18, 2013
Since you don't own the home you get to watch.

Banks are worthless as far as getting anything done but two years is nonsensical for an eviction. They have standardized procedures that are followed, legal action is typically involved and the listing agents tend to oversee it all. You are being sold a bill of goods. Atlanta has many nitwits that do this, the paper loves to write all about it - http://hankmillerteam.com/2012/12/07/occupy-atlanta-moves-in… and it ends the same way.

You might also be a little careful, if the squatters are combative I've seen many homes vandalized both obviously and in ways you won't see right away. I'm a FNMA foreclosure appraiser as well, quite familiar with the theatrics.
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Thu Jul 18, 2013
I think you are not being told the truth of the matter - in GA evictions are not very difficult and rarely take over 60 days even contested. In New York for example, this would not be unusual because they have flakey laws that side with the squatter/tenant versus the landlord/owner/investor.

Rodney is absolutely right, but if the bank has been "fighting for two years" to get a tenant out, something is very amiss there and I would move on if I were you. The tenant must have some kind of grounds. Just so you know, there is a law that if a home is foreclosed on and it has a tenant with a lease who is paying on time, the bank has to honor the lease - I not sure if it is for a year, or the whole term.

Good Luck,

Best,

Robert Whitfield
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0 votes Thank Flag Link Thu Jul 18, 2013
You would need to consult with an attorney for any legal advice like this.
0 votes Thank Flag Link Thu Jul 18, 2013
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