Can Buyers Lease Short Sale Property? - Short Sale Superstars2024-03-28T12:13:32Zhttp://shortsalesuperstars.com/forum/topics/can-buyers-lease-short-sale-property?commentId=3468065%3AComment%3A389197&x=1&feed=yes&xn_auth=noWe now have approval from Ocw…tag:shortsalesuperstars.com,2017-09-20:3468065:Comment:3891972017-09-20T16:08:39.135ZSharon Burgoshttp://shortsalesuperstars.com/profile/SharonBurgos
<p>We now have approval from Ocwen, IRS has agreed to release their lien but Key Bank is being stubborn about their measly $10,000 which represents 50% of original loan amount. What does one do when everyone else agrees and 2nd lienholder won't? Nobody has ANY money in this - everybody is taking a big loss. Seller is getting $2,000 relocation assistance - that's it.</p>
<p>We now have approval from Ocwen, IRS has agreed to release their lien but Key Bank is being stubborn about their measly $10,000 which represents 50% of original loan amount. What does one do when everyone else agrees and 2nd lienholder won't? Nobody has ANY money in this - everybody is taking a big loss. Seller is getting $2,000 relocation assistance - that's it.</p> It's a very sensitive situati…tag:shortsalesuperstars.com,2017-09-07:3468065:Comment:3888422017-09-07T16:14:14.697ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>It's a very sensitive situation and many lawsuits come to fruition for early move in situations. For example; they move in and the transaction does not close or a myriad of other potential issues. People do this, but it's imperative that everything truly acknowledges the risks in writing and that everything is disclosed. I personally would avoid this type of situation if I had the choice otherwise just proceed with extreme caution and diligence. That would be my two…</p>
<p>It's a very sensitive situation and many lawsuits come to fruition for early move in situations. For example; they move in and the transaction does not close or a myriad of other potential issues. People do this, but it's imperative that everything truly acknowledges the risks in writing and that everything is disclosed. I personally would avoid this type of situation if I had the choice otherwise just proceed with extreme caution and diligence. That would be my two cents.</p>
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