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Updated almost 10 years ago on .

User Stats

23
Posts
4
Votes
Nelson J Castillo
  • Investor
  • Valrico, FL
4
Votes |
23
Posts

Buying first property process

Nelson J Castillo
  • Investor
  • Valrico, FL
Posted

Hello all,

I'm in the process of buying my first home and have run into a few bumps. I'm hoping to get some feedback regarding the situation. I submitted an offer on a property and it was accepted. I'm using a conventional loan @ 5% down and am due to close on the house in 1 month. However, the current owner has a tenant in the property with a lease through April 2016. I have been advised by my title agent that if I were to go through with the closing, I would be signing some untruthful documents regarding it being my primary residence since there is currently a tenant. The current tenants are very dirty people. The house is a complete mess inside due to their uncleanliness. I also noticed that they had pets that seemed to be malnourished and their kids had scratches on their faces. Knowing this, I asked the owner's realtor if they could possibly end the lease this month or the following month (with me extending the closing an extra 30 days). The realtor basically told me that she has 30 people waiting to see the property, which I doubt since it was so difficult to see the property with the current tenants (they are barely ever home). She said to send a termination to her if we didnt want to move forward. I am at an impasse. Thoughts?

Nelson J Castillo