All Forum Posts by: HUA YANG

Thanks for the replies. We verbally allowed the seller stay in the house for a month after close of the escrow because of hardship his family experienced as he claimed. But we do not have any written agreement to let them to stay. Now, it has been over 2 months. I am not sure if we need to go thru eviction lawyer. Will it be illegal if we break in since the house is empty now and I believe the power is shut off? Should we still need a lawyer to be a backup? Thanks.

We bought a house two months ago by a short sale. But seller still lived in until last weekend. They moved out in the weekend but so far we have not received the key. Should we call police to get in with his permission and replace the lock? It is frustrating that the list agent does not corporate with my agent at all. It may be because we refused to give some money to the seller as he indicated that the seller needs money to move out. But now, they moved out ...

Any advice from you would be greatly appreciated. Thanks.

Thanks for the great help from this forum. I have gone through all the stages to try to get this short sale house - sign the escrow doc and loan doc. However, I was still a few hours behind the deadline so the bank would not be able to release the loan. The list agent kept telling my agent that he had filed extension application. But we have not heard anything for over 10 days. I lost my patient and wrote an email to request answer. The listing agent wrote back with surprising answer - he did not file extension but will file a new approval letter to the seller's bank. We all know he is lying for at least one part. Maybe he has found a stronger buyer who is willing to offer more money so he delay whole process to force us to drop out, then he will be a dual agent. We do not know the exact reason why he did that and we do not know if he will file approval letter to the seller's bank. I am in stressful situation as I my downpay is in escrow company and I have started to pay my 2nd loan mortgage as it was wired before the main loan. My question is whether the list agent can change the buyer as he wants at this stage. Can I check with the seller's bank to see if the list agent has done what he said to do? Any legal help can I ask to protect my interest? If he delays the process for ever, I will have to pay 2nd loan mortgage continually, from which my loss will increase with time goes by.

Many thanks!

Thanks Jon. We rent a house now so qualification for two loans is not an issue for us. Our advantage is we can move out any time once we bought a house. One thing making me alert is that my agent suggests us to pay three months rental to the seller so he will have money to rent somewhere and then he would move out sooner. That would be an extra beyond our down payment. Is it normal to pay credit to the seller for short sale deal? My agent said so but I doubt it. Thanks.

We were waiting to buy a short sale. The bank finally approved the price but requires 30 days to close the deal before going to foreclosure, which will be before the Christmas. However, the list agent states that the seller does not move out of the house until three months later by next March. Our agent indicated that we may be able to give the seller some credit like three months rental, $6k -$10k, to persuade him. My questions is:
Is it normal that the seller to stay in the house for a few months after the escort is finished? Our concern is we may be facing the problem to pay the mortgage for someone else to live in the house. I guess the bank and all realtors will walk away after the deal is closed. I am afraid it would become a problem between the seller and us. Then we have to go to court. I do not want to see that happens.

Any advice would be greatly appreciated. Thanks and Happy Thanksgiving to everyone!