doofrat and SD Realtor – thanks for your feedback. Much appreciated.
SD – We are about half way through the sale process – still waiting for our bank’s approval of the short sale. Half way through the process, the buyer notified my realtor that they wanted to know if I (my family and I) were interested in renting our house back from them. We said yes and so we are now in the process of negotiating the rental terms before actual signing of the lease agreement. It has been 22 years since I and my wife have rented. So the process of negotiating a rental agreement during the sale of our house is new and unfamiliar to me. I dont want to leave myself exposed should the short sale fall through. But the rental agreement is being conducted outside of the short sale process. I am responsible for negotiating with the buyers on the rental terms. My realtor is working the sale process with our banks and with the buyer’s realtor.
