Bank Owned Homes with Tenants?

I’ve recently come across bank owned homes (REOs) with tenants occupying the property. While the details of these tenant occupied REOs is still unclear, the agents listing these properties have made it very clear the homes are not easy to sell and they expect many bank owned homes will be tenant occupied in the future. For home buyers, that means a lot more headaches involved with buying bank owned homes. For investors, it could mean buying a property with a tenant already in the home. Check out the video for a bit more information.