Hat tip to AOL Real Estate for pointing out this example of listing fail from San Francisco. We’ve emphasized the relevant parts for you:
Bank Owned-Great Excelsior location, just minutes to transportation & park. Per tax records is a 2 bdrm/2 bth home. Tenant and former owner occupied. $75 doc fee paid by Buyer at COE. Sold AS Is with no repairs and subject to existing tenancies. The Buyer assumes all risks associated with the existing tenancies after close of escrow. Seller will not transfer any legal action related to any existing tenancies. Please do not disturb the occupants who will not be vacating prior to the sale.Seller will not provide any interior showings or inspections. Drive by. No sign on property.
Bank owned but occupied by the former owner, no interior showings or inspections allowed, and it’s your problem to deal with the tenants after you buy it. Sounds legit!