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Recent Cash for Keys questions

I am talking to a seller about assuming her 1st and 2nd lien

I am talking to a seller about assuming her 1st and 2nd lien mortgage until I can get a fha loan for full amount as owner occupant in July 2017 when tenants move out. (see her comments to me: "Then you can open up escrow as long as you pay closing or I can quitclaim to you once you give me the 6k deposit. The latter is easier for me. But possession won't happen until 7/1 when the lease expires and the tenants have been notified and are cooperative as well.")1.Don't trust her with my 6k unless you think her quit claiming house to me is safe (but probably need to do promissory note to the two private lenders holding the first and second mortgage so they don't send a due on sale clause on me)2.Don't know her tenants but heard they have been slow pay so possibly have to do a cash for keys situation with them to get them out in July?3. Need your opinion on what else you think could go wrong with this deal.

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39,476 satisfied customers
Is there a statutory amount a residential tenant must be

Is there a statutory amount a residential tenant must be paid to relocate when the building is sold? The rental unit was taken by the tenant without a toilet and sink (plumbing remains in the floor but fixtures were pulled out prior to rental) and the tenant preferred it that way, claiming that if landlord Ronald replaced the fixtures he would move. He payed $550 and then $600 per month for 5 years now. The tenant has been ideal all this time.The buyer of this property insists that the unit must be empty before escrow closes. He won't deal with an eviction but makes it Ronald's and my full responsibility.We are trying to help tenant to relocate and the realtor is helping as well. But the tenant tells us he won't move east of the 405 freeway for health reasons. He's looking for a $700 room. We don't want to post an eviction to his record and have given him a 60 day notice to vacate.We have offered, and he has asked for an equivalent of last month rent from us. Other dollar figures have come up in discussions like $ 5,000, $14,000 or just "cash for keys". How do all needs get satisfied here? No one wants to "evict" this tenant.

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Ray

Lawyer

Doctoral Degree

41,448 satisfied customers
I live in Georgia and my girlfriend moved into my home 2

I live in Georgia and my girlfriend moved into my home 2 weeks ago and now she broke up with me. She has the phone bill in her name. Now she will not leave. How do I get her out of my house?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: GeorgiaJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: She also has an 8 year old daughter that she has in school here.

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legalgems

Juris Doctorate

17,568 satisfied customers
We are in the middle of buying a house in Idaho, we just

We are in the middle of buying a house in Idaho, we just found out the the renter in the house now has a letter signed by the owner stateing that they can rent to own the house. It is not witnessed nor noterized and has no end date on letter. Is he legally bound to sell to her when ever she decides to get a loan?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: IdahoJA: Has any paperwork been filed?Customer: no it has notJA: Anything else you want the lawyer to know before I connect you?Customer: I believe that is it

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legalgems

Juris Doctorate

17,568 satisfied customers
We live in Indiana and I have a different situation as a

We live in Indiana and I have a different situation as a landlord. My son and his wife are renting a place from us and their hours at work were cut back in late August early September 2016, They have not paid but a couple of hundred dollars since August 2016. The wife has or is in the process of moving out and has gotten papers to file for divorce. My son and his daughter are still living there but the wife thinks she came come and go as she pleases, she has not give keys or garage door opener back. She has stated since she pays rents she can come and go, but she is not paying rent and has not for quite a few months. As a landlord can we change the locks and codes so that she is not able to come and go as she sees fit?JA: Because laws vary from place to place, can you tell me what state the property is in?Customer: IndianaJA: Has any paperwork been filed?Customer: No not yetJA: Anything else you want the lawyer to know before I connect you?Customer: No

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Loren

Juris Doctor

42,424 satisfied customers
How do you get a room mate to move out of a home you own if

How do you get a room mate to move out of a home you own if there was never a contract established (resident of Arizona)

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legalgems

Juris Doctorate

17,568 satisfied customers
I've been living in this house and paying rent since

Hi i've been living in this house and paying rent since 2001,the lady that owned the house she got sent back to Mexico in 2007,i continued to stay there and give money to the family in which they sent it to her. They let the house go years ago without telling me and now the house up for auction for auction on the 31st of Jan. She had a reverse mortgage on it.It wasnt a rental she just helped me out with a place to stay.so since 20007 to now i've been satying and paying the family.Its really last minute for me (finacially0 as well to move out.Thank youJA: When we are ready I'll take you to the appropriate web page.Customer: excuse any typos tyning to do three things at once at work.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Stockton,CA.JA: Has any paperwork been filed?Customer: Yes last Tuesday,it was a noitce i took to the family stating the house will be up for auction on the 31st of this month.JA: Anything else you want the lawyer to know before I connect you?Customer: no

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Loren

Juris Doctor

42,424 satisfied customers
Sure. I was just informed yesterday that my 10 yr interest

Sure. I was just informed yesterday that my 10 yr interest only loan will expire. My mortgage goes up over $1,000 per month on a 6.73% interest. I cannot get a refi because it's a Jumbo loan and would need about $100,000 dn I deducted $100,000 of my salary this year which means $1,000 + mortgage increase is not doable. LOL any ideas on what I should do. Also, there's no equity in the house! Was I sold on a very bad loan??JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Indiana Crown Point, Lake CountyJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: Yes, the current lender does not do refi's (Ocwen)

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Loren

Juris Doctor

42,424 satisfied customers
I am the winning bidder at an auction site for an REO

I am the winning bidder at an auction site for an REO property in NJ. The foreclosed property is occupied. The bank is selling it as is. I would be responsible for evicting the tenants. How much would a lawyer charge for that process?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

52,130 satisfied customers
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