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IONEGARM
ParticipantHave they been served the 3 day notice to quit yet?
If not, they have at least 3 days.
If they have and have gone past 3 days they’ll be eviction proceedings and all that.
It really depends where they are in the process.
The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.
ParticipantHave they been served the 3 day notice to quit yet?
If not, they have at least 3 days.
If they have and have gone past 3 days they’ll be eviction proceedings and all that.
It really depends where they are in the process.
The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.
ParticipantHave they been served the 3 day notice to quit yet?
If not, they have at least 3 days.
If they have and have gone past 3 days they’ll be eviction proceedings and all that.
It really depends where they are in the process.
The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.
ParticipantHave they been served the 3 day notice to quit yet?
If not, they have at least 3 days.
If they have and have gone past 3 days they’ll be eviction proceedings and all that.
It really depends where they are in the process.
The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.
ParticipantThe site for what you need:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtmlCalifornia civil code 1950.5 is the relevant section.
Another link for small claims:
http://www.courtinfo.ca.gov/selfhelp/smallclaims/research.htm#secdepParticipantThe site for what you need:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtmlCalifornia civil code 1950.5 is the relevant section.
Another link for small claims:
http://www.courtinfo.ca.gov/selfhelp/smallclaims/research.htm#secdepParticipantThe site for what you need:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtmlCalifornia civil code 1950.5 is the relevant section.
Another link for small claims:
http://www.courtinfo.ca.gov/selfhelp/smallclaims/research.htm#secdepParticipantThe site for what you need:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtmlCalifornia civil code 1950.5 is the relevant section.
Another link for small claims:
http://www.courtinfo.ca.gov/selfhelp/smallclaims/research.htm#secdepParticipantThe site for what you need:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtmlCalifornia civil code 1950.5 is the relevant section.
Another link for small claims:
http://www.courtinfo.ca.gov/selfhelp/smallclaims/research.htm#secdepParticipant[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
Participant[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
Participant[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
Participant[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
Participant[quote=scaredycat]well, what about just a good deal. the bargain basement end of fmv.
what about if it’s just the bank taking it back; would they be stuck wiht the lease?[/quote]
Yes if close enough to FMV (with appropriate rent increases if a long term lease to show it is meant to be a FMV lease), but they can also show and sell the home while you are leasing and then when sold you get 90 days to leave. So it isn’t like the tenant can just hold on forever. Also all this has to be done before the NOD is filed and be an arms length transaction. Lots of hoops to jump through for little reward.
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