[quote=SD Realtor]Ummm… not really true at all DataAgent. Every case is unique. It depends on the property. It depends on the tenant, and it depends on the intent of the owner. An astute owner/flipper knows tenants that are slobs and uncooperative hurt the chances for better profit and having the tenant out is much better. If the home needs work then having the tenant out is much better. We have found in ALL of our deals that having the tenant out worked out better.[/quote]
I’ve been in this situation as the renter. I was paying market rent. The owner would not even consider letting me out of my lease. He needed my rent money to pay his mortgage while the house was for sale.
Foreclosure and REO sales are different. Tenant squatters don’t pay rent. It’s to the new owners advantage to pay a ‘cash for keys’ amount.
