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Updated almost 14 years ago, 12/19/2010

User Stats

82
Posts
1
Votes
Brandon Pearsons
  • Investor
  • Oroville, CA
1
Votes |
82
Posts

Short Sale Owner becomes renter of property

Brandon Pearsons
  • Investor
  • Oroville, CA
Posted

Hello All,

I am just trying to get some input and suggestions.

A bank accepted a short sale offer that I submitted.

The owner still lives there and I want to see if they want to continue living there...

The part I obviously am worried about is that if they stay there during escrow and do not pay rent afterwards when escrow closes.

Anyone been in this situation?

Any suggestions or advice?

Escrow might open as soon as tomorrow

Thanks

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