- This topic has 30 replies, 6 voices, and was last updated 15 years, 2 months ago by
IONEGARM.
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May 28, 2009 at 10:49 AM #15770May 28, 2009 at 11:11 AM #406650
Sandiagon
ParticipantBanks generally goes to court get eviction notice irrespective of lease. You have to fight in court to get bank accepted your previous lease.
May 28, 2009 at 11:11 AM #407346Sandiagon
ParticipantBanks generally goes to court get eviction notice irrespective of lease. You have to fight in court to get bank accepted your previous lease.
May 28, 2009 at 11:11 AM #407199Sandiagon
ParticipantBanks generally goes to court get eviction notice irrespective of lease. You have to fight in court to get bank accepted your previous lease.
May 28, 2009 at 11:11 AM #407137Sandiagon
ParticipantBanks generally goes to court get eviction notice irrespective of lease. You have to fight in court to get bank accepted your previous lease.
May 28, 2009 at 11:11 AM #406893Sandiagon
ParticipantBanks generally goes to court get eviction notice irrespective of lease. You have to fight in court to get bank accepted your previous lease.
May 28, 2009 at 11:25 AM #407361Wickedheart
ParticipantIt’s about time. My only question is why does it expire in 2012? and I do think that 90 days is kinda long. I think 30 to 60 days should be enough.
The reason for this legislation is that in some states when the property was foreclosed tenants were given 20 minutes to move. The sheriff shows up at your door and tells you that you have 20 minutes to get your family and belongings out. People have lost all their belongings and been thrown out on the streets through no fault on their own. They paid their rent and their landlord didn’t hold up their end of the deal. That’s horrible. At least if you’re the one who didn’t pay your rent or mortgage you know whats coming.
May 28, 2009 at 11:25 AM #406908Wickedheart
ParticipantIt’s about time. My only question is why does it expire in 2012? and I do think that 90 days is kinda long. I think 30 to 60 days should be enough.
The reason for this legislation is that in some states when the property was foreclosed tenants were given 20 minutes to move. The sheriff shows up at your door and tells you that you have 20 minutes to get your family and belongings out. People have lost all their belongings and been thrown out on the streets through no fault on their own. They paid their rent and their landlord didn’t hold up their end of the deal. That’s horrible. At least if you’re the one who didn’t pay your rent or mortgage you know whats coming.
May 28, 2009 at 11:25 AM #406665Wickedheart
ParticipantIt’s about time. My only question is why does it expire in 2012? and I do think that 90 days is kinda long. I think 30 to 60 days should be enough.
The reason for this legislation is that in some states when the property was foreclosed tenants were given 20 minutes to move. The sheriff shows up at your door and tells you that you have 20 minutes to get your family and belongings out. People have lost all their belongings and been thrown out on the streets through no fault on their own. They paid their rent and their landlord didn’t hold up their end of the deal. That’s horrible. At least if you’re the one who didn’t pay your rent or mortgage you know whats coming.
May 28, 2009 at 11:25 AM #407214Wickedheart
ParticipantIt’s about time. My only question is why does it expire in 2012? and I do think that 90 days is kinda long. I think 30 to 60 days should be enough.
The reason for this legislation is that in some states when the property was foreclosed tenants were given 20 minutes to move. The sheriff shows up at your door and tells you that you have 20 minutes to get your family and belongings out. People have lost all their belongings and been thrown out on the streets through no fault on their own. They paid their rent and their landlord didn’t hold up their end of the deal. That’s horrible. At least if you’re the one who didn’t pay your rent or mortgage you know whats coming.
May 28, 2009 at 11:25 AM #407152Wickedheart
ParticipantIt’s about time. My only question is why does it expire in 2012? and I do think that 90 days is kinda long. I think 30 to 60 days should be enough.
The reason for this legislation is that in some states when the property was foreclosed tenants were given 20 minutes to move. The sheriff shows up at your door and tells you that you have 20 minutes to get your family and belongings out. People have lost all their belongings and been thrown out on the streets through no fault on their own. They paid their rent and their landlord didn’t hold up their end of the deal. That’s horrible. At least if you’re the one who didn’t pay your rent or mortgage you know whats coming.
May 28, 2009 at 1:34 PM #406730SDEngineer
ParticipantWon’t work if I’m reading the legal code correctly.
A “bargain basement rent” would likely fall afoul of the “bona fide lease” definition at the bottom of that section of code. If it’s substantially less than fair market value, it won’t fly legally.
And, even if it did fly, section 2(A) in the legalese above gives the new owner the right to terminate the lease subject to giving the tenants a 90 day notice IF they are planning on occupying the property as a primary residence. So this really would only be a “poison pill” to an investor who was planning on renting the property out.
May 28, 2009 at 1:34 PM #407279SDEngineer
ParticipantWon’t work if I’m reading the legal code correctly.
A “bargain basement rent” would likely fall afoul of the “bona fide lease” definition at the bottom of that section of code. If it’s substantially less than fair market value, it won’t fly legally.
And, even if it did fly, section 2(A) in the legalese above gives the new owner the right to terminate the lease subject to giving the tenants a 90 day notice IF they are planning on occupying the property as a primary residence. So this really would only be a “poison pill” to an investor who was planning on renting the property out.
May 28, 2009 at 1:34 PM #407217SDEngineer
ParticipantWon’t work if I’m reading the legal code correctly.
A “bargain basement rent” would likely fall afoul of the “bona fide lease” definition at the bottom of that section of code. If it’s substantially less than fair market value, it won’t fly legally.
And, even if it did fly, section 2(A) in the legalese above gives the new owner the right to terminate the lease subject to giving the tenants a 90 day notice IF they are planning on occupying the property as a primary residence. So this really would only be a “poison pill” to an investor who was planning on renting the property out.
May 28, 2009 at 1:34 PM #407427SDEngineer
ParticipantWon’t work if I’m reading the legal code correctly.
A “bargain basement rent” would likely fall afoul of the “bona fide lease” definition at the bottom of that section of code. If it’s substantially less than fair market value, it won’t fly legally.
And, even if it did fly, section 2(A) in the legalese above gives the new owner the right to terminate the lease subject to giving the tenants a 90 day notice IF they are planning on occupying the property as a primary residence. So this really would only be a “poison pill” to an investor who was planning on renting the property out.
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