Is the proposed property encumbered by Mello-Roos bonds?
You now state Monterey/Salinas area (not Monterey proper). Is the property actually in Salinas proper?
Do you actually NEED 3300 sf?
What’s stopping you from making an offer on an (older) “well-located” Monterey property without regard to size, age or condition? Don’t you think a property such as this might hold its value better than an HOA/poss MR encumbered property outside? Monterey?
Based upon this new thread, I see this seller squatting until her REO lender evicts her after trustee’s sale. Let THEM pay her “walking money” if they so choose, AFTER she purposely killed a bonafide short-sale buyer for the purpose of squatting longer! Based upon your previous thread, I DON’T SEE her vacating after she gets “walking $$” from you. What I DO SEE is YOU being manipulated into closing and THEN having to evict her yourself (yes, EVEN AFTER YOU PAY HER “walking $”).
This seller appears to have no intention on leaving until she is evicted.
tugg, if you MUST hang onto this deal, then DO NOT CLOSE UNDER ANY CIRCUMSTANCES until the seller has vacated the premises and left its condition to your satisfaction. NEVER pay her a dime in advance of those things happening in that order!! I don’t really even like the first months rent and deposit idea but if you had to do it, I would limit it to $3000. THAT’s ALL AN REO LENDER WOULD PAY HER before summarily having her evicted and setting her belongings on the sidewalk.
It is most disgusting to me that the “seller” is a “professional” and currently gainfully employed.
Do not worry about the VA rate being 3.75% or 4%. This is irrelevant to finding a suitable, straightforward deal.
