InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Present Them WIth The New Reality Posted by SeanW on May 22, 2003 at 11:18 AM In Reply to: How can I handle with the previous owner and tenants? posted by James on May 22, 2003 at 9:10 AM I'd try to meet the tenants in person and inform them ASAP not to pay the owner anymore, and that the owner owes them their security deposit. Then get them to sign a new rental agreement. Ward always emphasizes that the owner needs to make a psychological break with the property. He's described the process before on the forum, just hunt around in the archives. (You basically have to meet with the owner and explain that he's better off moving out cooperatively than to be evicted, and that it's nothing personal-- just business.) If all else fails, call an attorney and start the eviction. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I'd try to meet the tenants in person and inform them ASAP not to pay the owner anymore, and that the owner owes them their security deposit. Then get them to sign a new rental agreement. : Ward always emphasizes that the owner needs to make a psychological break with the property. He's described the process before on the forum, just hunt around in the archives. (You basically have to meet with the owner and explain that he's better off moving out cooperatively than to be evicted, and that it's nothing personal-- just business.) If all else fails, call an attorney and start the eviction. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455