Seller renting back home after short sale

[Chickrae]

Originally Posted by bentlebee

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I would be scared that he will trash the house just out of frustration to still live there and having to pay some one else for somehting he once owned.

yes that has crossed my mind too, but where I don't know the people and how they are feeling about this, I don't know what's going through their mind

[Chickrae]

Originally Posted by FlaLadyB

Having JUST gone through another course on short sales and this EXACT question was brough up --- I HIGHLY suggest you see an attorney who deal in short sales for the CORRECT LEGAL answer on this one!! You COULD get in to a LOT of trouble for doing exactly this.

If the bank accepts our offer, which I have my doubts after reading about other short sales that never go through, then I will do just that. Thanks for your comment

[Chickrae]

Originally Posted by bentlebee

the house was later sold as a short sale but they moved out since they didn't want to pay the monthly rent as was asked by the new owner (which was the same amount we would have asked and is a reasonable amount for that area).....With a little bit more reasearch I found out that the seller (short sale) had previous had tax liens, property tax liens, 10 years before had a foreclosure, Hoa lien, etc....

Basicaly the seller had a past and track record of not kepping himself to pay for things he is supposed to pay. So without completely checked out the background...I wound't do it.

I worry about that. Did they just think the new owner was going to be nice and let them live there for free? I will let the house sit with no one renting it before I will go through a big hastle.