Not logged in? Join one of the largest Law Forums on the Internet! Join Now!
Latest blog post: Research Law Professors Before Choosing Law Schools
Tweet Follow @LawBlogger1

Advertisments:




Sponsor Links:

Bar Exam Flashcards
Discount Legal Forms
Discounted Legal Texts


Login with your favorite social network:

Tenant's Debts Following A Short-Sale And Foreclosure

Tenant's Debts Following A Short-Sale And Foreclosure

Postby Daegan » Wed Jan 29, 2014 6:09 pm

My problem requires an foreclosure within the state-of: Fl
Customers of the short-sale because of close quickly. Vendor lives up north and rents to tenants out-of-town on the every month basis.
Customers signed a deal without any rental deal for tenants, bank has approved a closing day, buyer's lender has complete approved loan and delivered it to be completed waiting a few repairs before closing(VA loan).
Tenant understood closing date, also talked with customer about closing date.
Tenant doesn't have real written agreement but gives regular. Lease hasn't been taken care of month of march.
3-day notice was handed-no funds
5-day notice served by sheriff was handed-no funds but rebuttal from tenant to judge.
Foreclosure was for non payment of lease.
Tenant isn't permitting quick access to possess modifications completed.
tenant claims the house went into foreclosure consequently tenant doesn't owe vendor any money, just owes unique lender money and they've not come after tenants. House didn't visit foreclosure, it's certainly a brief selling. Unsure how tenant got that data.
Tenant claims there's no way they'll be out-of home in a couple weeks for near and desired to reside in it for annually.
Customers need certainly to shut over the following 14 days. Being a customer, will there be something that may be completed or something you'd recommend?
Daegan
 
Posts: 4
Joined: Sun Jan 12, 2014 10:38 pm
Top

Tenant's Liabilities After A Short Sale And Eviction

Postby Garrard » Fri Feb 07, 2014 12:11 pm

Estimating csda2

We are they customers so the vendor is liable for all this. I am just wondering if this really is anything we ought to leave from. Do these tenants have any privileges in court that may drag-out our final day? Or is this slice and dried and the tenant is likely to be taken off home, but just how long does that always get?



I've committed to REO's, observed these circumstances, and if it's a house you have to shut on and transfer to an a couple weeks, I'd leave. When the vendor may take ownership within the next many weeks, then choose it, wait a little, otherwise forget it.
I nearly purchased an REO with tenants inside it, which was proceeding slowly through foreclosure court. But since the bank-only retains deals at times of the entire year, it is sold with tenants inside them, the customer needs to get ownership and cost his bet appropriately.
I talked with my attorney during the time, mentioning that evictions come in process, and that all I've to complete is dominate and complete it down. Our attorney advised me that I was incorrect, that easily got over, I've to begin from square one, that's get it done all over again.
And so I went from it. I've no idea just how long it will be that I'd have no book arriving and spending a mortgage.
Garrard
 
Posts: 5
Joined: Mon Jan 13, 2014 11:13 am
Top

Tenant's Liabilities After A Short Sale And Eviction

Postby Dutch » Sat Feb 08, 2014 12:44 am

Unless you have something in your contract with regard for the disposition of the tenants, the seller is NOT responsible for this.
Dutch
 
Posts: 5
Joined: Fri Jan 03, 2014 6:17 am
Top


Return to Rental Law

 


  • Related topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: siwili and 0 guests