Welcome to City-Data.com Forum!
2,500,000 members. Thank you!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2008, 09:25 PM
 
Location: Salem, OR
15,474 posts, read 40,098,411 times
Reputation: 17243

Advertisements

Thanks for the update!

I'm glad it worked in the end. Kudos to you, your buyers, and the listing agent for being gracious.
Reply With Quote Quick reply to this message

 
Old 06-19-2008, 09:37 AM
 
69,368 posts, read 63,705,660 times
Reputation: 9383
Quote:
Originally Posted by Rakin View Post
In Texas, you'd need to start eviction proceedings ASAP.

Can you do a walk through the morning of closing? If they show no signs of being out the door, do not close or delay funding till you're sure they're gone.
I'm with you, dont close unless it looks like the sellers have moved. Once you take possession, then they become tenants, or squatters in this instance.
Reply With Quote Quick reply to this message
 
Old 06-19-2008, 11:10 AM
 
Location: Montana
2,203 posts, read 9,275,243 times
Reputation: 1130
Thumbs up Kudos to Captain Bill!

Good job, Capt Bill! You're a credit to our profession. I'm so happy everything worked out for your buyer - not a little of that had to do with you doing a great job of keeping on top of things and going "beyond the call of duty"!
Reply With Quote Quick reply to this message
 
Old 06-20-2008, 07:18 AM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,700,995 times
Reputation: 3876
Quote:
Originally Posted by Rakin
In Texas, you'd need to start eviction proceedings ASAP.

Can you do a walk through the morning of closing? If they show no signs of being out the door, do not close or delay funding till you're sure they're gone.
That's a good question. You can schedule a walk through when it's convenient and the seller has to provide reasonable access.

However, delaying the close can have some unwanted consequences. Both parties must agree to the extended close, and if one doesn't, then the escrow officer must close. At any rate it could open up a can of worms and especially when you're dealing with a bank on a REO or Short Sale.

If you don't fund and close, then you could be in breach of the contract, and as long as the escrow hasn't closed the seller has the right to be in the property. It's sort of a catch 22.
Reply With Quote Quick reply to this message
 
Old 02-17-2010, 03:26 PM
 
1 posts, read 1,777 times
Reputation: 10
I am dealing with the same issue in California, with my client. Thank you all for your suggestions. I have contacted a local attorney regarding this matter, who indicated the Buyer must inform the Seller/Occupant of their daily expenses upon COE should the Seller/Occupant NOT vacate according to the agreement. In other words, you must in form the dirt bag of the costs the Buyer is going to incur and then add to the Unlawful Detainer costs, in order to have the right to include these costs in your claim. Either way the Eviction runs $600.00 and is a minimum 45 days. I think I am show up with a moving truck free of charge at COE (Cheaper then and Eviction). I will look into the Forcible Entry of California. Worst part is, the Seller's Agent get's paid and has no motivation to help coerce the Seller out.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top