Forum Replies Created
-
AuthorPosts
-
October 14, 2009 at 11:56 PM in reply to: Purchase contract for short sale legally enforceable? #469354October 14, 2009 at 11:56 PM in reply to: Purchase contract for short sale legally enforceable? #469711
SD Realtor
Participantsdr not sure what you are seeing but I am seeing the seconds being a hell of alot more assholish this past year. Two of them I had to wrangle with said that they don’t give a sh-t because they have charged off the money already as compared to 2007 and early 2008 where they were more content to take the morsels tossed to them by the first.
October 14, 2009 at 11:56 PM in reply to: Purchase contract for short sale legally enforceable? #469784SD Realtor
Participantsdr not sure what you are seeing but I am seeing the seconds being a hell of alot more assholish this past year. Two of them I had to wrangle with said that they don’t give a sh-t because they have charged off the money already as compared to 2007 and early 2008 where they were more content to take the morsels tossed to them by the first.
October 14, 2009 at 11:56 PM in reply to: Purchase contract for short sale legally enforceable? #469997SD Realtor
Participantsdr not sure what you are seeing but I am seeing the seconds being a hell of alot more assholish this past year. Two of them I had to wrangle with said that they don’t give a sh-t because they have charged off the money already as compared to 2007 and early 2008 where they were more content to take the morsels tossed to them by the first.
October 14, 2009 at 11:32 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469149SD Realtor
ParticipantActually UR what she said about the law that Obama signed into law is true. If she has the hardcopy of the lease it is even better. Yes it is accurate for CA properties.
Also if the property does go back to the bene at trustee sale or if it is sold to a private party, the tenant has the same rights. See Obamas laws so yes she can wave that lease in front of the new owner. She does have to PAY RENT and abide by the terms of the lease.
Sorry the lease is not wiped out given what Obama has signed into law.
Also what I told the poster was that on Realist there was not an official notice of default, and that the current owner could very well have missed several payments.
Here UR this may help you provide better advice regarding the new law Obama signed rather then obselete information:
October 14, 2009 at 11:32 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469332SD Realtor
ParticipantActually UR what she said about the law that Obama signed into law is true. If she has the hardcopy of the lease it is even better. Yes it is accurate for CA properties.
Also if the property does go back to the bene at trustee sale or if it is sold to a private party, the tenant has the same rights. See Obamas laws so yes she can wave that lease in front of the new owner. She does have to PAY RENT and abide by the terms of the lease.
Sorry the lease is not wiped out given what Obama has signed into law.
Also what I told the poster was that on Realist there was not an official notice of default, and that the current owner could very well have missed several payments.
Here UR this may help you provide better advice regarding the new law Obama signed rather then obselete information:
October 14, 2009 at 11:32 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469689SD Realtor
ParticipantActually UR what she said about the law that Obama signed into law is true. If she has the hardcopy of the lease it is even better. Yes it is accurate for CA properties.
Also if the property does go back to the bene at trustee sale or if it is sold to a private party, the tenant has the same rights. See Obamas laws so yes she can wave that lease in front of the new owner. She does have to PAY RENT and abide by the terms of the lease.
Sorry the lease is not wiped out given what Obama has signed into law.
Also what I told the poster was that on Realist there was not an official notice of default, and that the current owner could very well have missed several payments.
Here UR this may help you provide better advice regarding the new law Obama signed rather then obselete information:
October 14, 2009 at 11:32 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469762SD Realtor
ParticipantActually UR what she said about the law that Obama signed into law is true. If she has the hardcopy of the lease it is even better. Yes it is accurate for CA properties.
Also if the property does go back to the bene at trustee sale or if it is sold to a private party, the tenant has the same rights. See Obamas laws so yes she can wave that lease in front of the new owner. She does have to PAY RENT and abide by the terms of the lease.
Sorry the lease is not wiped out given what Obama has signed into law.
Also what I told the poster was that on Realist there was not an official notice of default, and that the current owner could very well have missed several payments.
Here UR this may help you provide better advice regarding the new law Obama signed rather then obselete information:
October 14, 2009 at 11:32 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469974SD Realtor
ParticipantActually UR what she said about the law that Obama signed into law is true. If she has the hardcopy of the lease it is even better. Yes it is accurate for CA properties.
Also if the property does go back to the bene at trustee sale or if it is sold to a private party, the tenant has the same rights. See Obamas laws so yes she can wave that lease in front of the new owner. She does have to PAY RENT and abide by the terms of the lease.
Sorry the lease is not wiped out given what Obama has signed into law.
Also what I told the poster was that on Realist there was not an official notice of default, and that the current owner could very well have missed several payments.
Here UR this may help you provide better advice regarding the new law Obama signed rather then obselete information:
October 14, 2009 at 10:06 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469109SD Realtor
ParticipantYou did great!
I think trying to stay is a good idea. Just know that your rent may indeed not be used to pay the mortgage. Also if/when the property does get purchased you do have to pay rent to the new landlord but he has to abide by the laws you stated above. Also if he is smart he will offer you cash for keys so you may be able to make some money out of it if you play your cards right. Just have a hard copy of any new lease you get regardless of if it is month to month or long term.
October 14, 2009 at 10:06 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469292SD Realtor
ParticipantYou did great!
I think trying to stay is a good idea. Just know that your rent may indeed not be used to pay the mortgage. Also if/when the property does get purchased you do have to pay rent to the new landlord but he has to abide by the laws you stated above. Also if he is smart he will offer you cash for keys so you may be able to make some money out of it if you play your cards right. Just have a hard copy of any new lease you get regardless of if it is month to month or long term.
October 14, 2009 at 10:06 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469649SD Realtor
ParticipantYou did great!
I think trying to stay is a good idea. Just know that your rent may indeed not be used to pay the mortgage. Also if/when the property does get purchased you do have to pay rent to the new landlord but he has to abide by the laws you stated above. Also if he is smart he will offer you cash for keys so you may be able to make some money out of it if you play your cards right. Just have a hard copy of any new lease you get regardless of if it is month to month or long term.
October 14, 2009 at 10:06 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469721SD Realtor
ParticipantYou did great!
I think trying to stay is a good idea. Just know that your rent may indeed not be used to pay the mortgage. Also if/when the property does get purchased you do have to pay rent to the new landlord but he has to abide by the laws you stated above. Also if he is smart he will offer you cash for keys so you may be able to make some money out of it if you play your cards right. Just have a hard copy of any new lease you get regardless of if it is month to month or long term.
October 14, 2009 at 10:06 PM in reply to: Help: non-responsive landlord potentially late on mortgage payments #469934SD Realtor
ParticipantYou did great!
I think trying to stay is a good idea. Just know that your rent may indeed not be used to pay the mortgage. Also if/when the property does get purchased you do have to pay rent to the new landlord but he has to abide by the laws you stated above. Also if he is smart he will offer you cash for keys so you may be able to make some money out of it if you play your cards right. Just have a hard copy of any new lease you get regardless of if it is month to month or long term.
October 14, 2009 at 10:03 PM in reply to: Purchase contract for short sale legally enforceable? #469104SD Realtor
ParticipantYes this is a tough one. I will be interested to see how it turns out. One thing that may help you out is the approval letters. If you have a copy of the approval letter from the short sale lender(s) that has the signature of the seller then that will help. If you read the short sale addendum then you will see there is text in that addendum that protects the seller in such a way that the seller does in fact not need to move forward even with approval. This may be the case where a lender demands a note to cover all or part of the deficiency.
I would agree with UR that you may want to try to sit down and work things out. What has probably transpired is somehow the seller has realized that they can continue to live in the house for free until it gets foreclosed on. They have decided that having a foreclosure is not any worse then a short sale with regards to credit history. Right or wrong that is where they are at. So… you can use vinegar or honey to try to get the home. It is a tough call.
-
AuthorPosts
