I agree. And clarification- don't buy a REO home that has occupants.... (generally). Of course regular home sales do have occupants in them.
From my experience- its highly unlikely that the bank (seller) would have tenants in there living in the property. My guess is they are squatters and/or relatives/ friends of the old homeowners who knew that it would be available for free to live in for a while.
If I can be of any help with financing or anything else, please let me know. Thanks and good luck,
Ken L.... more