It looks like the seller rented his home out after the short sale had already been started. The rent is about 300-400 to low a month. Does the new buyer have to honor this lease?
Tags:
There are two issues I believe. They leased the property after the short sale was in place. And, they rented 300-400 under market rental values. We have not written an offer on the house.I'm pretty sure if we tell him what is legally right they just won't accept our offer. The listing agent says the lease "has to be honored" I'm trying to find out what is legally right. It's in Henderson/Las Vegas Nevada. Thanks for your advise.
Ron, doesn't that language, the tenants in foreclosure act, only apply to Foreclosures? I didn't think it applied to short sales.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.