Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

I rent the home 6 years, foreclosed, I rent it month to month…

Customer Question
I rent the home 6...
I rent the home 6 years, foreclosed, I rent it month to month from Fanie Mae, they gave Non-Renewal notice to sell the house, I offered, but finance fail twice, Fannie Mae take it off market, stop taking the rent, give notice to non-renewal again, will start eviction next .
Now I found a lender who appoved me to buy the house, put an offer in (the same terms and price of 4 months ago), they "not negotiating" my offer, and keep work on the eviction then sell the house . (their RE agent said) .
How can I buy the home I have been renting for 6-7 years, with my 2 kids attached to the school nearby .
Do I have any right ? or ways to postpone the eviction and "first right" or any thing to try to buy this home from Fanie Mae ? at market value .
Hue Nguyen
Tacoma, WA 98404
Submitted: 3 years ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 2 minutes by:
5/19/2015
Real Estate Lawyer: Barrister, Lawyer replied 3 years ago
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 41,596
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified
Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
.
Have you offered whatever price they are asking for the property?
.
Or is your offer lower than their asking price?
.
Is there anything in your rental contract that gives you a "right of first refusal" to purchase the property from the seller?
.
.
thanks
Barrister
Ask Your Own Real Estate Law Question
Customer reply replied 3 years ago
I offered full price - 3% of closing cost (they accepted it last time 5 months ago) but my finance fell, now (off market) I offered last week with the same price and term (full price - 3% closing cost pay to buyer)I dónt think I have "right of first refusal"
Customer reply replied 3 years ago
(Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Real Estate Lawyer: Barrister, Lawyer replied 3 years ago
Ok, unfortunately, if the seller (Fannie Mae) has decided to take it off the market for sale now, then they wouldn't be under any legal obligation to sell it to anyone at this point.
.
Even if it were on the market, they wouldn't be under any legal obligation to accept an offer on it.
.
However, if you get a pre-approval letter from a lender and submit a new offer with the letter, that will prove to the seller that you are already approved for the loan and they may change their mind about selling.
.
But if they don't, then there is not any way to force them to sell the property before they are ready if you don't have a right of first refusal to purchase it.
.
If they have chosen to terminate your month to month tenancy, then they have to give you at least 60 days written notice to terminate the tenancy and then would still have to pursue a formal eviction in court, which takes about another month, before they could legally force you to move.
.
I am very sorry that I don’t have better news, but please understand that I do have an ethical and professional obligation to provide customers with legally correct answers based on my knowledge and experience, even when I know the answer doesn’t make the customer happy...
.
.
thanks
Barrister
.
.
Ask Your Own Real Estate Law Question
Was this answer helpful?
Ask Barrister Your Own Question
Barrister
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 41,596
41,596 Satisfied Customers
Experience: 17 years real estate, Realtor. Landlord 26 years

Barrister is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

5,436 satisfied customers

17 years of legal experience including real estate law.

Barrister

Barrister

Lawyer

41,596 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

7,785 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

7,559 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,207 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,925 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

< Previous | Next >

Related Real Estate Law Questions
It there is no termination clause in a lease, Can a tenant
It there is no termination clause in a lease, Can a tenant terminate the lease with 30 days notice without penalties prior to the lease term? state of PA.… read more
Ely
Ely
Counselor at Law
Juris Doctor
4,925 satisfied customers
I just received a Complaint/Summons for non payment of rent.
I just received a Complaint/Summons for non payment of rent. It appears it was filed the day before I made my rent payment, last month. Now, rent is due again. Do I go ahead an pay it? Is it too late … read more
Alex Esquire
Alex Esquire
Managing Attorney
Doctoral Degree
153 satisfied customers
how do i evict my 18 year old son in the state og georgia
how do i evict my 18 year old son in the state og georgia?… read more
Barrister
Barrister
Lawyer
41,596 satisfied customers
The property. My tenant has been on a month to month lease
the property.Hello. My tenant has been on a month to month lease for over a year as I try to sell We have a buyer. The tenant has requested in writing that I use the security to pay the last two month… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
1,210 satisfied customers
In NH i have a month to month tenant, we gave him notice the
In NH i have a month to month tenant, we gave him notice the property would be sold and asked him to vacate on May 15, we visited the property yesterday there is no evidence he is preparing to leave, … read more
LegalGems
LegalGems
Juris Doctorate
11,915 satisfied customers
Delray Beach, Palm Beach County Fl. We have a month to month
Hello, Delray Beach, Palm Beach County Fl. We have a month to month commercial lease in a small (8 units) strip mall. There is NO lease agreement paperwork. We and another company have not been able t… read more
Lori
Lori
Juris Doctor
1,324 satisfied customers
I first signed a lease for a month to month. The apartment
Hello - I first signed a lease for a month to month. The apartment was not ready on move in day. So another lease was signed that day for a larger apartment with a 12 month lease. I moved in. 3 months… read more
Barrister
Barrister
Lawyer
41,596 satisfied customers
I have a clause in my month to month lease that void the
I have a clause in my month to month lease that void the lease if tenant participated in illegal activities … read more
Barrister
Barrister
Lawyer
41,596 satisfied customers
Every month my month to month tenants are late on their rent
Every month my month to month tenants are late on their rent can I give them a thirty day notice and evict them … read more
Sean K
Sean K
Attorney/Member
JD
617 satisfied customers
I finally evicted a month-to-month renter and, once he left
I finally evicted a month-to-month renter and, once he left the RV area in my backyard (he put up black tarps along the rental fenceline so I couldn't see the destruction he was doing) I found he chop… read more
Thelawman2
Thelawman2
Doctoral Degree
1,356 satisfied customers
I was "evicted from a Gov.subsided Apartment called "evicted
I was "evicted from a Gov.subsided Apartment called "evicted for criminal reasons. The. … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have a month to month lease and now have been injured
I have a month to month lease and now have been injured resulting in a fractured ankle which led me to be out of work fir the past 3 months. I am unable to move. Can my landlord evict me? … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
If you enter a month-to-month lease agreement with a
Hi, if you enter a month-to-month lease agreement with a landlord after consistently renting one and two year agreements previously, could you, at some point, change your mind and revert back to the t… read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,107 satisfied customers
I'm a months to month renter in the same residence for ten
I'm a months to month renter in the same residence for ten years. I was given a 60 day non renewal without a reason in California. I haven't been able to find a place in that time. They said they coul… read more
LegalGems
LegalGems
Juris Doctorate
11,915 satisfied customers
I have a month-to-month rental and the landlord seems to
I have a month-to-month rental and the landlord seems to want to evict me. My rent has been paid on time, I don't deal drugs from the apartment but I think she wants me out. What notice does she have … read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
I am evicting a month-to-month tenant and he has refused to
Hi, I am evicting a month-to-month tenant and he has refused to come out of his trailer to take service from me. I already have sent a certified letter that will come Monday. What do I need to do - ge… read more
Barrister
Barrister
Lawyer
41,596 satisfied customers
I have given tenants a 30 day eviction on a month to month
Good morning, I have given tenants a 30 day eviction on a month to month agreement and gave them until November 11, 2017, they want to move out and do the walk thru inspection and provide keys on the … read more
LegalKnowledge
LegalKnowledge
Juris Doctor
29,817 satisfied customers
My xxxxx xxxxxxx asked to move in with us. We agreed
My xxxxx xxxxxxx asked to move in with us. We agreed to assist her & our two grandkids by giving her a place to stay (xxxxx xxxxxxx) until she got , "..on her feet and could afford to find a place of … read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x