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Old 10-30-2013, 02:18 PM
 
1,507 posts, read 1,610,119 times
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I sold my home in Hot Springs about two years ago to a young couple. The couple got a divorce and then rented it out to another couple. The first owners let it go back to the bank under foreclosure. The renters have not paid rent since and its been 6 months they have lived there rent free. My question is how long does it take for the bank to remove squatters?

Last edited by Sam I Am; 10-31-2013 at 08:38 AM..
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Old 10-30-2013, 02:44 PM
 
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The laws in Arkansas definitely favor landlords over tenants. If it's been six months, the bank is being lax about the eviction.
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Old 10-30-2013, 03:33 PM
 
Location: Little Rock AR USA
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I agree with DC. In AR there are no "renters rights" so the squatters could be put out on the street this afternoon and/or could be formally charged with trespassing. Or the bank can have the utilities shut off and let the squatters sit there in the dark and cold. It appears to me the bank doesn't want to go to the trouble of getting them out or collecting the rent.

I'm sorry but I must ask; Since you no longer own the house, why are you concerned about it?
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Old 10-31-2013, 07:15 AM
 
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Quote:
Originally Posted by ArkansasSlim View Post
I agree with DC. In AR there are no "renters rights" so the squatters could be put out on the street this afternoon and/or could be formally charged with trespassing. Or the bank can have the utilities shut off and let the squatters sit there in the dark and cold. It appears to me the bank doesn't want to go to the trouble of getting them out or collecting the rent.

I'm sorry but I must ask; Since you no longer own the house, why are you concerned about it?
Thinking of buying it back.
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Old 10-31-2013, 11:55 AM
 
Location: Little Rock AR USA
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Quote:
Originally Posted by saxondale351 View Post
Thinking of buying it back.
O.K. I understand. I suggest you "build a fire" under the appropriate bank person
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Old 02-04-2014, 11:35 AM
 
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Default how long can squatters occupy a home they rented in Arkansas?

When I sold my home in Hot Springs it was then rented by the new owner to a mod cut family who quit paying rent. The owner lost the home to the bank, and the renters have been squatting in that home for a year or a bit more. How long can people squat in a home they did not even own once a bank has repossessed it? I would like to see them kicked out and start to fix up the damage and put it on the market. In Fla it is up to 3 years in some cases. Not sure if its the same in Ark. Sick how some people get away with not paying rent and getting our tax dollars on food stamps and other things. Any help will be appreciated.

Last edited by Sam I Am; 02-06-2014 at 02:12 PM.. Reason: off topic and unnecessary
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Old 02-04-2014, 01:49 PM
 
Location: The Natural State
1,139 posts, read 1,171,248 times
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There are no "renters rights" in AR. Since the bank is the property owner the squatters can stay until the banks decides to evict them. And that can be on a moments notice, without advance notice. So, bottom line, it is the banks call.
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Old 02-04-2014, 01:57 PM
 
Location: Living on the Coast in Oxnard CA
15,370 posts, read 25,567,363 times
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You sold the home. Why do you care anymore?

mod cut

Are you planning of buying the home back? Why would you fix up a home that you no longer own?

Last edited by Sam I Am; 02-06-2014 at 02:13 PM.. Reason: orphaned - the post you refer to has been deleted
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Old 02-08-2014, 09:32 AM
 
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I just checked, the squatters still are squatting there as far as I know. but I did find that the Bank WellsFargo has fully repossessed it as of end of last July. This means that as of July, WF has full rights to the property and the former owner has not redemption rights. I was there in October and the squatters still were there, but the bank has full authority to get the squatters removed and put it up for sale after making any necessary repairs. My old neighbor is up north for family business and will be most of this winter, so I do not have anyone to keep tabs on it for me. I bought a lot in there and want to see the sub keep from going down hill. Squatters will do that to a property.
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Old 02-10-2014, 12:40 PM
 
1,507 posts, read 1,610,119 times
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You guys were right, Just called a realtor and they checked for me, the squatters have been kicked out, the scum did a number on the house, busted up fans, blinds, dry wall torn out, trim torn out. Scum will be scum, but at least they are gone and that alone makes the property worth more. I bet it even helps the surrounding property values. Now I will see what the bank wants. Very sad that some live like animals.
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