Renter becomes owner - Short Sale Superstars2024-03-28T08:51:46Zhttp://shortsalesuperstars.com/forum/topics/renter-becomes-owner?feed=yes&xn_auth=noAsk the lender.tag:shortsalesuperstars.com,2014-07-03:3468065:Comment:3516532014-07-03T22:09:37.829ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
<p>Ask the lender.</p>
<p>Ask the lender.</p> I would say it isn't necessar…tag:shortsalesuperstars.com,2014-06-20:3468065:Comment:3512462014-06-20T15:56:23.758ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>I would say it isn't necessary, but if you had a lease agreement, it may help. We have seen many tenants purchase short sales and it has not been a problem. On the same note though many banks will complete a buyer verification internally to audit the buyer. If the bank finds a reason for concern with the buyer ( family, potential financial benefits to the borrower ) they would not allow them to purchase the property.</p>
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<p>Brett@ishortsalenow.com</p>
<p>310-564-6389…</p>
<p></p>
<p>I would say it isn't necessary, but if you had a lease agreement, it may help. We have seen many tenants purchase short sales and it has not been a problem. On the same note though many banks will complete a buyer verification internally to audit the buyer. If the bank finds a reason for concern with the buyer ( family, potential financial benefits to the borrower ) they would not allow them to purchase the property.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p> The renter is someone she kno…tag:shortsalesuperstars.com,2014-06-20:3468065:Comment:3512422014-06-20T15:07:29.822ZRobin Lemmonshttp://shortsalesuperstars.com/profile/RobinLemmons
<p>The renter is someone she knows and has been paying her rent to live there. There is no formal lease. Does that make a difference?</p>
<p>The renter is someone she knows and has been paying her rent to live there. There is no formal lease. Does that make a difference?</p>