[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

One last note… We agreed to withdrawl the sept rent from escrow and pay to him in exchange for him signing the short sale offer. We have already been in contact with the bank so (small investment bank- easy to get through to negotiator) looks like we will own this property in about 30 days.

the rest of the rent is being escrowed should there be a hold up with the sale. No one gets any money until the transaction is complete. Once we own the house he gets any rent monies due.

On a personal note… I think the law that allows LL’s to collect rent on a foreclosing property with no intent to resolve the loan is pretty crappy. That law should be changed.

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[jrsygirl9]

Thank you for all your comments.

The rent was deposited into a attorney trust account today (yes sat of a holiday weekend.. Very nice attorney). We hired the attorney to protect future rent from loss should the property foreclose and we need to move. At this point we have elected to not sue for damages from his rent skimming because we have not been forced out.

As I stated before we have the legal obliation to pay him but at the same time he has the legal obligation to provide the domicile for the full legnth of the contract. Since that is in jeopardy the best thing was to “escrow” the money since we ar enot ready to move yet.

He will receive it if he should cure the loan (as it was explained to me). Should he not cure the loan then the judge determines who gets what.

Thanks again for all the input.

[jrsygirl9]

[quote=jonnycsd]So are you suggesting that in exchange for not suing the LL, he would let you live there for free? Sounds like the two of you deserve each other. Karma indeed.[/quote]

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

So No I am not, trying to skirt the rent but the concern is by hiring the attorney and putting it in escrow he is going to play all his little games. I am going to have to deal with him because we decided we do want the property. I was just trying to think the way he thinks… I guess I stink at it.

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

[jrsygirl9]

[quote=jonnycsd]So are you suggesting that in exchange for not suing the LL, he would let you live there for free? Sounds like the two of you deserve each other. Karma indeed.[/quote]

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

So No I am not, trying to skirt the rent but the concern is by hiring the attorney and putting it in escrow he is going to play all his little games. I am going to have to deal with him because we decided we do want the property. I was just trying to think the way he thinks… I guess I stink at it.

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

[jrsygirl9]

[quote=jonnycsd]So are you suggesting that in exchange for not suing the LL, he would let you live there for free? Sounds like the two of you deserve each other. Karma indeed.[/quote]

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

So No I am not, trying to skirt the rent but the concern is by hiring the attorney and putting it in escrow he is going to play all his little games. I am going to have to deal with him because we decided we do want the property. I was just trying to think the way he thinks… I guess I stink at it.

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

[jrsygirl9]

[quote=jonnycsd]So are you suggesting that in exchange for not suing the LL, he would let you live there for free? Sounds like the two of you deserve each other. Karma indeed.[/quote]

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

So No I am not, trying to skirt the rent but the concern is by hiring the attorney and putting it in escrow he is going to play all his little games. I am going to have to deal with him because we decided we do want the property. I was just trying to think the way he thinks… I guess I stink at it.

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

[jrsygirl9]

[quote=jonnycsd]So are you suggesting that in exchange for not suing the LL, he would let you live there for free? Sounds like the two of you deserve each other. Karma indeed.[/quote]

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

So No I am not, trying to skirt the rent but the concern is by hiring the attorney and putting it in escrow he is going to play all his little games. I am going to have to deal with him because we decided we do want the property. I was just trying to think the way he thinks… I guess I stink at it.

The rent is rather inexpensive so that was not really the issue. We are prepared to continue paying it.

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