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All Forum Posts by: Bruce Hartman

Bruce Hartman has started 1 posts and replied 4 times.

Foreclosures

Post: Buyer Lease Back

Bruce HartmanPosted
  • Thousand Oaks, CA
  • Posts 4
  • Votes 0

Thanks all for your insight. You've provided me the ammo I need to make the decision to wait it out. Much appeciated!

0 Votes
Foreclosures

Post: Buyer Lease Back

Bruce HartmanPosted
  • Thousand Oaks, CA
  • Posts 4
  • Votes 0

Jon, thanks for you input! The seller has accepted and the two banks have accepted, we are to start escrow next week. I have a decision to make, enter a 3 mo apt lease, or take this month to month pre rent of this property, the rent is the same. So from what I'm gathering so far, it appears that I do not have a legal issue, just a fallout risk? Thanks!

0 Votes
Foreclosures

Post: Buyer Lease Back

Bruce HartmanPosted
  • Thousand Oaks, CA
  • Posts 4
  • Votes 0

Great. Thanks Mark. It is a $0 deposit. Thanks for the tips on the multiple mortgages.

0 Votes
Foreclosures

Post: Buyer Lease Back

Bruce HartmanPosted
  • Thousand Oaks, CA
  • Posts 4
  • Votes 0

I have just been notified that I have been selected as the successful buyer in a short sale purchase. I have been offered directly by the seller a lease of the property until escrow closes. Is there any legal or major risk in accepting this offer? I plan on taking full time residence there after close. BTW, I live in California. I appreciate any advice you can throw my way.

0 Votes