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nin_sisParticipant
This happened to us recently. We were getting the same kind of junk mail and had our agent look up the owner’s info. He defaulted and almost 4 months later we found a notice of trustee sale posted on our door. I stopped paying rent to the owner on the 2nd month of the default notice prior to foreclosure just to see if he would respond to my numerous previous emails. He didn’t. The house went back to the bank and we received a 60 day evicition notice. You can try to get more time by contacting the agent for the foreclosure. They are more afraid that you will stay longer than the 60 days because then they have to start official eviction proceedings and take you court which could keep you in the house for up to 120 days. In most cases they won’t negotiate rent to keep you there. The bank wants the property vacant asap because they know they can sell it easier. PS, good luck trying to get any deposit back unless you take the previous owner to small claims.
nin_sisParticipantThis happened to us recently. We were getting the same kind of junk mail and had our agent look up the owner’s info. He defaulted and almost 4 months later we found a notice of trustee sale posted on our door. I stopped paying rent to the owner on the 2nd month of the default notice prior to foreclosure just to see if he would respond to my numerous previous emails. He didn’t. The house went back to the bank and we received a 60 day evicition notice. You can try to get more time by contacting the agent for the foreclosure. They are more afraid that you will stay longer than the 60 days because then they have to start official eviction proceedings and take you court which could keep you in the house for up to 120 days. In most cases they won’t negotiate rent to keep you there. The bank wants the property vacant asap because they know they can sell it easier. PS, good luck trying to get any deposit back unless you take the previous owner to small claims.
nin_sisParticipantThis happened to us recently. We were getting the same kind of junk mail and had our agent look up the owner’s info. He defaulted and almost 4 months later we found a notice of trustee sale posted on our door. I stopped paying rent to the owner on the 2nd month of the default notice prior to foreclosure just to see if he would respond to my numerous previous emails. He didn’t. The house went back to the bank and we received a 60 day evicition notice. You can try to get more time by contacting the agent for the foreclosure. They are more afraid that you will stay longer than the 60 days because then they have to start official eviction proceedings and take you court which could keep you in the house for up to 120 days. In most cases they won’t negotiate rent to keep you there. The bank wants the property vacant asap because they know they can sell it easier. PS, good luck trying to get any deposit back unless you take the previous owner to small claims.
nin_sisParticipantThis happened to us recently. We were getting the same kind of junk mail and had our agent look up the owner’s info. He defaulted and almost 4 months later we found a notice of trustee sale posted on our door. I stopped paying rent to the owner on the 2nd month of the default notice prior to foreclosure just to see if he would respond to my numerous previous emails. He didn’t. The house went back to the bank and we received a 60 day evicition notice. You can try to get more time by contacting the agent for the foreclosure. They are more afraid that you will stay longer than the 60 days because then they have to start official eviction proceedings and take you court which could keep you in the house for up to 120 days. In most cases they won’t negotiate rent to keep you there. The bank wants the property vacant asap because they know they can sell it easier. PS, good luck trying to get any deposit back unless you take the previous owner to small claims.
nin_sisParticipantI am closing on a house in a couple of weeks…we have the same stats as you. Closing costs are approx. $10-12K. A bulk of it is the 7 or 8 months worth of property taxes needed up front based on the last sale price which was significanly higher in our case. The state refunds the money later when the new sale price is updated. It’s not really 1% of the purchase price as most agents will quote you. Plan to double or triple that.
nin_sisParticipantI am closing on a house in a couple of weeks…we have the same stats as you. Closing costs are approx. $10-12K. A bulk of it is the 7 or 8 months worth of property taxes needed up front based on the last sale price which was significanly higher in our case. The state refunds the money later when the new sale price is updated. It’s not really 1% of the purchase price as most agents will quote you. Plan to double or triple that.
nin_sisParticipantI am closing on a house in a couple of weeks…we have the same stats as you. Closing costs are approx. $10-12K. A bulk of it is the 7 or 8 months worth of property taxes needed up front based on the last sale price which was significanly higher in our case. The state refunds the money later when the new sale price is updated. It’s not really 1% of the purchase price as most agents will quote you. Plan to double or triple that.
nin_sisParticipantI am closing on a house in a couple of weeks…we have the same stats as you. Closing costs are approx. $10-12K. A bulk of it is the 7 or 8 months worth of property taxes needed up front based on the last sale price which was significanly higher in our case. The state refunds the money later when the new sale price is updated. It’s not really 1% of the purchase price as most agents will quote you. Plan to double or triple that.
nin_sisParticipantI am closing on a house in a couple of weeks…we have the same stats as you. Closing costs are approx. $10-12K. A bulk of it is the 7 or 8 months worth of property taxes needed up front based on the last sale price which was significanly higher in our case. The state refunds the money later when the new sale price is updated. It’s not really 1% of the purchase price as most agents will quote you. Plan to double or triple that.
February 16, 2009 at 9:28 PM in reply to: West Mira Mesa comparison–Gaston Dr. and Rock Canyon Ct. #348034nin_sisParticipantThe first house was a foreclosure and had a major mold problem. It would have been very costly to fix it. There was drywall punched out in every room as if it had an inspection already or was pending at one time. It also needed updating, about $10-20K worth. The second one backs up to Mira Mesa Blvd, hence the price reduction.
February 16, 2009 at 9:28 PM in reply to: West Mira Mesa comparison–Gaston Dr. and Rock Canyon Ct. #347465nin_sisParticipantThe first house was a foreclosure and had a major mold problem. It would have been very costly to fix it. There was drywall punched out in every room as if it had an inspection already or was pending at one time. It also needed updating, about $10-20K worth. The second one backs up to Mira Mesa Blvd, hence the price reduction.
February 16, 2009 at 9:28 PM in reply to: West Mira Mesa comparison–Gaston Dr. and Rock Canyon Ct. #347786nin_sisParticipantThe first house was a foreclosure and had a major mold problem. It would have been very costly to fix it. There was drywall punched out in every room as if it had an inspection already or was pending at one time. It also needed updating, about $10-20K worth. The second one backs up to Mira Mesa Blvd, hence the price reduction.
February 16, 2009 at 9:28 PM in reply to: West Mira Mesa comparison–Gaston Dr. and Rock Canyon Ct. #347935nin_sisParticipantThe first house was a foreclosure and had a major mold problem. It would have been very costly to fix it. There was drywall punched out in every room as if it had an inspection already or was pending at one time. It also needed updating, about $10-20K worth. The second one backs up to Mira Mesa Blvd, hence the price reduction.
February 16, 2009 at 9:28 PM in reply to: West Mira Mesa comparison–Gaston Dr. and Rock Canyon Ct. #347903nin_sisParticipantThe first house was a foreclosure and had a major mold problem. It would have been very costly to fix it. There was drywall punched out in every room as if it had an inspection already or was pending at one time. It also needed updating, about $10-20K worth. The second one backs up to Mira Mesa Blvd, hence the price reduction.
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