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Updated almost 9 years ago on . Most recent reply

Allow short sale owner to stay for 2 weeks after close?
I am purchasing a short sale property/small house. We are closing in 10 days but apparently owner didn't get notified that they have to be out soon. They are asking if they can stay for 2 weeks after close and pay me rent for that. I am not sure if that's a good idea. What if they don't leave as promised or damage the property when they leave? They would pay rent upfront at closing but should I take additional security deposit? I want to help the owners but don't want to create problems for myself like possibly having to evict them. First time buying a short sale and dealing with this situation. Pl advise. Thanks Ally
Most Popular Reply

@Ally Kumar I wouldn't let it happen. They're already being let out of one debt, so their promise to pay at closing wouldn't mean much to me. And their claim that they didn't get notified doesn't hold water because how long did it take to get the bank to accept your offer? Once it was submitted to the bank, they should have been making their bags...