Short Sale

By Scott

We live in CA and have rented this house for right at three years, we have been in one lease (12 month) and now are renting month to month. This morning our landlord stopped by and explained to us that he was shortselling the house. Of course this has the whole family in an uproar and a whole lot of questions. 

Maria February 11th, 2013 5:03 pm

You’d have to check your state tenant laws, Scott. But what I know is you may stay in the house even after the short sale and while the property is being transferred to the new owner. If the new owner wants you to continue as tenants, then you’re good. If not, then he will issue a 30-, 60- or 90-day notice, depending on your state. As for the walk throughs, you can talk to your landlord about having them scheduled. Maybe twice a week with no evenings. The landlord will then pass on this request to the agent who will make the adjustments. Hope that helps!

Short Sale

By Phillip D Rocha

If I signed a new rental agreement from a one year lease to a month to month because my landlord is short selling the house. However, he is threatening me to make me move, and bringing people to the home whenever he feels like it. I just want to move, but I can’t afford to pay the last months rent, plus a deposit and first months rent on a new property. I want to just have him take the deposit for the last months rent, so I can move. I have a disabled child and he still won’t work with me and my situation as far as my disabled child goes about not be around other people or children.

Callum February 22nd, 2012 4:05 am

Aww Phillip that’s so sad. I mean you just had the apartment and you;re moving again with a child. The best way to resolve your concern is to ask the landlord, you said he wanted to sell the house so he broke the lease. So what you need is to pay for your rent now then take the deposit back from him and move. good luck

short sale

By theresa

My landlord has informed us that after only two months into our lease he is short selling the house. Can we get out of our lease?

Short Sale…

By Courtney

My roommate and I rented a home for an annual lease.  We signed the rental application and supplied the first, last and security deposit to the landlord. She approved the application however never had us sign anything further ie. lease.  Since then the house was going into foreclosure and then sold as a short sale. Her realator called us yesterday and said the closing will be Jan 15. Why do we have to move or break our terms of the lease? do we not have the right to stay in the house since our lease is not up until July 2011?  What are my rights? The realtor advised that because it was not a formal lease agreement they do not have to offer us Cash for Contract? help!

softball girl December 29th, 2010 12:14 pm

My daughter and I rented a home for an annual lease. We never signed the rental application and supplied the first, last and security deposit to the landlord. She approved the application however never had us sign anything further ie. lease. Since then the house was going into foreclosure and then sold as a short sale. Her realator called us yesterday and said the closing will be Jan 15. Do they have to serve us with papers before we move Why do we have to move or break our terms of the lease? do we not have the right to stay in the house since our lease is not up until July 2011? What are my rights? The realtor advised that because it was not a formal lease agreement they do not have to offer us Cash for Contract? help!