[quote=CA renter][quote=Scarlett]CA R, you and I should get together for a drink… I totally feel and share your frustrations.[/quote]
jpinpb and I were saying this on another thread…it’s time for another get-together!
At least there’s one good thing to come of this mess — meeting great people from these blogs. :)[/quote]
I like JP.
She is smart and purty.
Anyhoo, I have had this conversation with like 10 of my short sale clients.
Most just opt to rent the place out and be up front with the tenants (there is no real downside for the tenants) and put the deposit in a broker trust (usually mine).
The tenants are stoked at usually a cheap rent (without the deposit at risk) and the landlords are stoked at getting money without paying mortgage.
And in case you are wondering, this does not qualify as skimming as long as the landlord has title and has had title for at least one year.
In all fairness, it kinda sucks for the banks but they put themselves in this position.
They are the only ones acting irrationally as they delay short sales.
