[quote=vasans]Thanks a lot for your views/comments. I too wanted early Jan closing. But sellers’ lender bank put 30 days closing/funding condition on the short-sale approval letter while we requested 40-45 days.
My agent (and owners’ agent too) explained short-sale approvals usually come with stringent conditions such as this – and very hard to convince the bank’s contract negotiator so I had no choice.[/quote]
I understand the stupid restrictions.
As a general rule, I never let anyone stay a and pay in this kind of situation.
It makes them into tenants.
If someone stays uncompensated, then it is a license and can be terminated without a full eviction.
Situations vary though.
So that might not have been appropriate here.
If this dude stays, you can evict him but that will take several weeks and cost several hundred dollars.
If the seller does not move in a way that is consistent to what they have agreed to, then move quickly to retain an eviction attorney.
Remember, these guys are used to living for free and their credit is already damaged.
You can’t threaten to hurt them more.
