Turko on rentals and foreclosures

[scaredyclassic]

If my landlord is defaulting can I offer him cash for a great lease?

[all]

I guess it is not impossible, but it is not very likely.

What’s in it for the owner? As a tenant you are obligated to pay the full rent regardless of the owner’s NOD/NOT. So, the tenant would need to motivate the owner and lose it all if the bank finds a willing buyer.

In reality the tenant is more likely to enjoy three months without paying rent and/or get some cash to leave early and/or without trashing the place.

[all]

I guess it is not impossible, but it is not very likely.

What’s in it for the owner? As a tenant you are obligated to pay the full rent regardless of the owner’s NOD/NOT. So, the tenant would need to motivate the owner and lose it all if the bank finds a willing buyer.

In reality the tenant is more likely to enjoy three months without paying rent and/or get some cash to leave early and/or without trashing the place.

[all]

I guess it is not impossible, but it is not very likely.

What’s in it for the owner? As a tenant you are obligated to pay the full rent regardless of the owner’s NOD/NOT. So, the tenant would need to motivate the owner and lose it all if the bank finds a willing buyer.

In reality the tenant is more likely to enjoy three months without paying rent and/or get some cash to leave early and/or without trashing the place.

[all]

I guess it is not impossible, but it is not very likely.

What’s in it for the owner? As a tenant you are obligated to pay the full rent regardless of the owner’s NOD/NOT. So, the tenant would need to motivate the owner and lose it all if the bank finds a willing buyer.

In reality the tenant is more likely to enjoy three months without paying rent and/or get some cash to leave early and/or without trashing the place.

[all]

I guess it is not impossible, but it is not very likely.

What’s in it for the owner? As a tenant you are obligated to pay the full rent regardless of the owner’s NOD/NOT. So, the tenant would need to motivate the owner and lose it all if the bank finds a willing buyer.

In reality the tenant is more likely to enjoy three months without paying rent and/or get some cash to leave early and/or without trashing the place.

[2009 Buyer]

if I understand this law correctly, you need to close on the lease specifics before the NOD –

Yes, a large “Deposit” in exchange for low rent.

[2009 Buyer]

if I understand this law correctly, you need to close on the lease specifics before the NOD –

Yes, a large “Deposit” in exchange for low rent.

[2009 Buyer]

if I understand this law correctly, you need to close on the lease specifics before the NOD –

Yes, a large “Deposit” in exchange for low rent.

[2009 Buyer]

if I understand this law correctly, you need to close on the lease specifics before the NOD –

Yes, a large “Deposit” in exchange for low rent.

[2009 Buyer]

if I understand this law correctly, you need to close on the lease specifics before the NOD –

Yes, a large “Deposit” in exchange for low rent.

[Ash Housewares]

It was my understanding that the lease had to be market rate to remain valid for it’s duration under a new owner. So, no 10 yr $100/month leases to your mother. I can’t remember where I heard this though.

[Ash Housewares]

It was my understanding that the lease had to be market rate to remain valid for it’s duration under a new owner. So, no 10 yr $100/month leases to your mother. I can’t remember where I heard this though.

[Ash Housewares]

It was my understanding that the lease had to be market rate to remain valid for it’s duration under a new owner. So, no 10 yr $100/month leases to your mother. I can’t remember where I heard this though.

[Ash Housewares]

It was my understanding that the lease had to be market rate to remain valid for it’s duration under a new owner. So, no 10 yr $100/month leases to your mother. I can’t remember where I heard this though.

[Author]

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