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Updated over 16 years ago,

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26
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0
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Dan NA
  • Developer
  • New Jersey
0
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26
Posts

Short Sale Success But Tenants Not Moving Out On Closing

Dan NA
  • Developer
  • New Jersey
Posted

Hi all,

We have been locked up in a short sale for a 2 family house for a few months. Everything finally seemed to have gone through but now the tenants say they can' move out on the closing date because the apartment they had lined up was rented out. If we don't close this week we lose are rate lock on the mortgage. I wanted to see if anyone had any advice on this sort of situation. Our lawyer says we can rent the apartment for 2 more weeks and or worse case the full month and have them pay us rent. But since we are in NJ and renters rights are very good here I am left wondering suppose they really are just stalling and want to lock us up with having to evict them by force. We would be out a few months rent which would be very bad for us.

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