I posted to the group recently regarding our short sale and all the interesting aspects it has been.
We've finally reached an agreement and have a closing date at the end of January. The seller has known this sale was coming for some time as we've navigated all the ins and outs of the short sale, but they have done nothing to prepare for leaving the house. We're now about a month out from closing and the seller has requested a 30 day stay in the house to get their affairs in order. Our contract states the property possession transfers with deed at closing and no mention of a rent back/extended stay situation.
We're going to perform a walk-through of the property the day before or day of closing to verify the house is cleared of their stuff. I'm not even expecting broom clean, just empty of their stuff. I know if they haven't vacated the property, that we can delay the closing, but we're running into a bit of an issue with that plan. We've had to extend the closing multiple times due to various issues that have come about during the process. I don't think the bank is going to go for another extension because the seller can't get his act together, and so we're hesitant to delay the closing. We're worried it will be the final straw to push the property for foreclosure and it becoming a bigger pain.
Since we have the contract that states the possession of the house occurs at closing, if the seller is still in the property, can we request law enforcement to come to the house to get them out of the house? We're planning on going straight to the house to change locks, install new alarm system, and change garage codes.
Our realtor has been very clear to the sellers realtor (in writing) that the house is to be empty and ready for transfer the day of closing and that no stay extension will be considered.
Is there anything else we can/should do?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/rsy79u/short_sale_purchase_seller_is_requesting_30_days/
Comments
Post a Comment