"shortsale question"

**Leafar99** · 08-21-2009, 09:54 PM

my house has pretty much been sold thru the short sale process. i have yet to find a house to move to (rent). my realtor says that when the contract closes that im suppose to move it out quicky that i dont even get a 30 day notice at least? what isyour opinions experience with all this? thanks

**RyuukoGo** · 08-21-2009, 10:09 PM

Check in your state for renters rights...as far as I know you have at least 30 days to move out from when you were notified.

**tucsonhomes** · 08-22-2009, 04:58 PM

Originally Posted by Leafar99

my house has pretty much been sold thru the short sale process. i have yet to find a house to move to (rent). my realtor says that when the contract closes that im suppose to move it out quicky that i dont even get a 30 day notice at least? what isyour opinions experience with all this? thanks

A sale is not a rental situation and is not governed by rental rules. Your real estate salesperson represents YOU and is providing advise based on your contractual obligations. Take the advise of your real estate salesperson.

**Leafar99** · 08-22-2009, 10:01 PM

i understand trying to listen to my realtor but there should be somet type of law somewere (Clause) that states were i should be given a time to move out

**Greg** · 08-23-2009, 05:20 AM

It sounds like the real estate agent already gave you notice that you will have to move out. If you are a renter then look at your lease. it will say how much notice you should receive. If you are not on a month to month lease the new owner might have to honor the lease and let you stay until the lease expires.

**Hollywood Landlord** · 08-23-2009, 10:32 AM

Unfortunately, most of the time banks don't know the proper route for letting tenants out of their leases. And furthermore, most of them don't care. They are in the business of financing the properties (not property managing them)...

The best thing you can do is to check what your tenant rights are for your state. You can do this by checking out HUD and searching for your state. It will tell you exactly what you are rights are. It may or may not be 30 days for foreclosure.

And, I hate to be the one to tell you this, but the previous owner is under no obligation to return your deposit.

It is a drastic oversight.

**tucsonhomes** · 08-24-2009, 03:15 PM

Originally Posted by Leafar99

i understand trying to listen to my realtor but there should be somet type of law somewere (Clause) that states were i should be given a time to move out

Fact is, that you wrote your own "law" in the form of a purchase and sale agreement. The closing and possession dates are both addressed in that agreement (the one you agreed to and signed and have a copy of).

**Leafar99** · 08-24-2009, 04:48 PM

Originally Posted by tucsonhomes

Fact is, that you wrote your own "law" in the form of a purchase and sale agreement. The closing and possession dates are both addressed in that agreement (the one you agreed to and signed and have a copy of).

so ihave to get out once contract closes?