June 15th, 2010
Can the buyer of a short sale home, turn around and rent it back to the people that are short selling?
We are trying to short sale our house and were approached by some people from up north that wanted to buy some property here in Florida and rent it out or a copule of years. They offered to buy our short sale house if we would sign a 2 year lease and rent from them. At the end of the 2 years they would like to either move into the house, or sell it, possibly back to us at the appraised amount. Can this be done? I have only heard of this as an issue of having family buying a short sale so their family members can stay in their own house by renting it and then maybe buy it back when it could be afforded.
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Filed under: Rent Property
Zodra zij het bezitten kunnen zij doen wat zij aan met het willen.
hangt af. Soms bij uw het sluiten zult u documenten opgeven die ondertekenen dat u in het huis, zult leven en niet het zult mogen huren. hangt van de bank af waarvan loaning het geld.
usted tiene que mirar las leyes en su estado. en California usted puede si el nuevo comprador est? comprando la caracter?stica como caracter?stica de la inversi?n. si ?l est? comprando como ocupado por el due?o ?l tiene que vivir en la caracter?stica por 6 meses de afther que ?l puede alquilarla. Espere que esto ayude.
Als it' s een wapen-lengte overeenkomst, ja het wettelijk is.
Het werkt slechts als hun kosten genoeg laag zijn dat u zich kunt veroorloven om de huur en de nut te betalen. Met een korte verkoop en lagere rentevoeten, kan dit soms gebeuren.
Legally speaking, yes.
However, the lender will be looking closely at the proposed transaction, and are not required to agree to anything short of full payoff.
If they see this being done, they might just say “no”.
Once the deal is done and they get what they’ve demanded, they’ll never look at it again. Even if they do, as long as no one has lied to them about this aspect of the transaction, there’s not much they could do then. If anyone DOES lie to them, though, it could be grounds to rescind their part of the deal and come after you for any deficiency, even if forgiven.
Don’t offer the information, but if asked, don’t lie.
Hallo
U hebt eigenaar kunt aan iedereen huren u kiest.
Sounds to me like this would be the ideal scenario. You get 2 years to stay in your home, repair credit ratings, and save money for the move!
Be careful, get an attorney, and GOOD LUCK!