Posted by Brian (UT) on October 02, 2005 at 11:57:27:
Don’t think foreclosure, think dumping the tenant. You failed to let us know is the tenant on a lease, if so how long left, have you given a 24 hour notice that your going to inspect the property? Start gathering info you may need in case of a court action.
You say SoCal but where? I don’t know of any soft markets in that area so selling or lease-optioning to a good tenant-buyer still looks good.
Look in the yellow pages for a good evication service and talk to them. I would recommend selling to an investor but I don’t like to see anyone sell anything that would provide income in their golden years.