Has anyone seen a PEC from Indymac where it states this:
"There is no agreement, whether oral, written, or implied, between the Seller(s) and the Buyers
and/or their respective agents, which allows the Seller(s) to remain in the property as tenants or
to regain ownership of the Property at any time after the consummation of this sale transaction."
If you have, do you know if this is a legal right given to the bank to prevent the seller to even be a tenant or is it banks trying to bully the sellers around going beyond their legal right?
It doesn't sound right to me, any feedback?
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