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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Don't prejudge too much, just about all folks do the right thing. Posted by Ward-CA- on December 15, 2001 at 7:37 PM In Reply to: Re: Give written notice to vacate to holdover owners after the foreclosure sale. posted by Larry Van Valkenburgh on December 14, 2001 at 7:30 AM : I am just getting started in foreclosure investing here in California, so I'd be interested in any comments about the pros and cons of two possible courses of action when the property is owner-occupied. Option #1 is an eviction proceeding; Option #2 is a negotiated exit whereby the occupant (former owner) is offered a sum of money in exchange for vacating "without a fuss". I have heard horror stories about unhappy former owners trashing the property or dragging the eviction process out ad nauseum. =•=•=•=•=•=•=•=•=•=•=•= Larry, after buying hundreds of properties at the foreclosure auctions here in San Diego over the last 19+ years I can tell you that the horror stories you have heard are mostly that—stories. I’ve only had one really difficult, drawn out eviction and have never had even one case of vandalism done by any holdover occupant. I can’t imagine how much of my profits I would have needlessly wasted paying people to vacate, when they willingly did so with no muss or fuss, over all these years. So my advice is, don’t presuppose the worst and act on it as if it were true. My experience shows just the opposite, expect the best outcome and act on it as if it were true. At this point in my life I’m more impressed by the decency of the majority over the feigned meanness of a tiny minority. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I am just getting started in foreclosure investing here in California, so I'd be interested in any comments about the pros and cons of two possible courses of action when the property is owner-occupied. Option #1 is an eviction proceeding; Option #2 is a negotiated exit whereby the occupant (former owner) is offered a sum of money in exchange for vacating "without a fuss". I have heard horror stories about unhappy former owners trashing the property or dragging the eviction process out ad nauseum. : =•=•=•=•=•=•=•=•=•=•=•= : Larry, after buying hundreds of properties at the foreclosure auctions here in San Diego over the last 19+ years I can tell you that the horror stories you have heard are mostly that—stories. : I’ve only had one really difficult, drawn out eviction and have never had even one case of vandalism done by any holdover occupant. : I can’t imagine how much of my profits I would have needlessly wasted paying people to vacate, when they willingly did so with no muss or fuss, over all these years. : So my advice is, don’t presuppose the worst and act on it as if it were true. My experience shows just the opposite, expect the best outcome and act on it as if it were true. : At this point in my life I’m more impressed by the decency of the majority over the feigned meanness of a tiny minority. 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

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