Can the homeowner stay in the home after closing?
I'm following up on a lead in Memphis, TN. The home is in Chickasaw Gardens, a really nice part of town, and the home owner is elderly. She is looking to buy a property in Mississippi to move in to when she sells the current home. She is ready to sell but would like to remain in the home after closing if she hasn't found something else. My plan was to wholesale the property, which means that whoever I assign the contract to, would have to be willing to let her stay in the home for a time, or rent it for a time, until she can move. Can I actually do that? How would that work?
I thought that I would just set a close date out for 3 months to give her some time, but she'd like to get the sale done as she also owes back taxes and is tired of hearing from the County Trustee's office. Does anyone have any thoughts?