Can you legally rent the house back to the shorted owners?

[Jack Bobeck]

I thought I had heard it all, but my father just purchased a short sale home and the owners asked their realtor who asked my father's realtor if they could rent the house for 3 more months after the sale date?

My immediate thought was "Uh, no, they cannot live in the property once the house is short saled", after all, they were just given debt relief on the mortgage, although the bank would get paid, and the title would transfer to my father, who could do whatever he wanted with the property.

Is this legal in Florida, is it legal anywhere? TIA!

Jack Bobeck

[Jon Holdman]

Don't worry. If you choose to rent to them the odds are you'll end up evicting them later. They've already proven to have a problem, or they wouldn't be in foreclosure. Not to mention, they know what you paid and can do the math and figure out your PITI payment and will expect you to rent to them for that amount. All of us here know that's not profitable. You're running a business, not a charity.