Ethical/ Moral Question - Posted by Marty
Posted by Marty on September 14, 2004 at 12:04:35:
I was the winning bidder, on a SFH that is occupied, at our local Tax Foreclosure Sale. I spoke with the elderly lady(55-60 years old) that lives in the house before the auction. She has lived there for 19 years and she doesn’t know what she will do. I am not going to keep this house–I will either clean it up and retail or wholesale to a landlord/rehabber. I imagine the deal will net me an easy 10K minimum.
I thought I would find a place for her to rent, help her move and provide her with a couple of months rent money. Any thoughts on how you would handle this situation or what you would do for this elderly lady.