Just go to your entry and click on the "edit." Make sure you are signed in and at your account.
Gary Link is probably the most well known tenant eviction lawyer in Sacramento. You can call him at 916-447-8101.
It really depends on who the lender is as some will allow the seller to stay. Many of the major banks, however, will not. The banks ask the seller to sign an arm's length agreement, and those agreement specifically state there will be no rent back. A few days or so is generally OK but it's a good idea to note it in the agreement.You will find short sale buyers (corporations mostly) advertising that sellers can stay in the home, in an effort to get a seller to sell to them. The Department of Real Estate is very interested in these types of companies because there are instances it could be considered to be mortgage fraud if agreements are reached behind the lender's back. For more advice, you should talk with a real estate lawyer.
I live in Land Park, and have extensive experience remodeling. You might even say it's a passion of mine. I'd say what you are considering is an excellent idea. What you don't want to do is eliminate the dining room area all together, but it sounds like it will be preserved through the space in the living room, which would certainly work. In fact, you could probably turn the entire living room into a dining room, unless it was the entrance to your home, and then that's not a very good idea. I have a client who bought and fixed up a home in Land Park over by Vic's Ice Cream. He removed a wall and eliminated the dining room (didn't talk to me about it beforehand), and buyers were very upset by the fact there was no dining area. Even though they could have used one of the bedrooms, they were unhappy.
I am not a lawyer and what I am about to tell you does not constitute legal advice; however, the sellers absolutely can be fined $1,000 for willfully and unreasonably refusing to return an earnest money deposit within 30 days. You need to work with your agent on this and, if you have more legal questions, contact a lawyer.Elizabeth WeintraubBroker-Associate #00697006Lyon Real Estate
I cannot comment on your particular offer but unless your short sale is a HAFA, this should not take more than 90 to 120 days to get approval from Bank of America. But if it's HAFA, all bets are off because the third-party vendors are typically very slow and they tend to make mistakes. It also might not be a Bank of America investor. B of A might be the servicer and the investor is somebody else. Or, there could be MI insurance, most likely placed on the property and paid for by B of A itself.People like to say that your file will fall to the bottom of the pile at B of A if you don't call all the time, but the fact is all of the files at Bank of America are at the bottom of the pile.
You would have to pay off the existing mortgage in order to refinance. If it's underwater, unless the mortgage is held by Fannie Mae or Freddie Mac, I don't know of any programs that will let you refinance under those circumstances.
First you have to find out if the home is available. Second, you will need a prequal letter. If the property needs work, then you'll probably want to get a 203K loan. Do you have a real estate agent?
I believe every real estate agent is an investor friendly real estate agent. In our present Sacramento real estate market, almost every single buyer is faced with having to write multiple offers because there is stiff competition and very little inventory. Good luck to you.
The lender will most likely want to see a hardship before granting your short sale, unless of course you qualify to receive cash for doing a short sale. Who is your lender?