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bubblesitter
2011 Aug 25, 3:08pm
I am sure some people here would ask you to stop paying the rent.
Here's a few tips:
1. Don't pay rent
2. Stay there rent free for as long as possible
3. Ask additional "relocation help"
4. Ask for an additional 30-days to move
5. Negotiate cash for keys amount
6. Be ruthless...this is not the time to be friendly
7. Tell them you will go to the newspaper for being forced out
Save, Save, Save, Save your cash. Maybe buy some gold after a nice correction. When the markets crash in 2-5 years....buy every asset you can with both hands.
Done!
2011 Aug 26, 2:27am
A few months before I put the offer on this house, and the main reason July 2010 was the time for me to buy.
The bank's Lawyer contacted us, demanding that we pay rent to them. I told him I would do no such thing, until a Judge said so.
They sent us copies of the foreclosure paperwork in motion, which none of it pertained to me. Nor was there any language from the courts telling me I had to pay the rent to the bank's law firm.
I then told them, I might be interested in buying the place, and they really liked the sound of that. But then I remembered how the last two owners really crapped up the place, and it was a shell of the former, 50's tropical deco house it was when first moved there in 1998.
The landlord ended up getting one of those foreclosure lawyers, that kicks the can down the road indefinitely while she continued to still not pay the mortgage.
Drag it out as long as possible. Make them provide you all the paperwork to prove they own title, etc. Make sure you learn your rights under state/local law.
Drag it out as long as possible. Make them provide you all the paperwork to prove they own title, etc. Make sure you learn your rights under state/local law.
Best advice; know your rights and milk it for all it's worth.
Katy Perry
2011 Aug 27, 2:02am
My work involves CFK sometimes. The CFK is not free you have to leave the house close to the condition they ask. and be ready to go on the date they ask.
The Realtor gets a check also BTW for working to get you out of the house for the bank. about a 1/8th what you get sometimes
They have little room to negotiate any longer and have little room for the BS. they use the rent you paid to set the amount.
they'll give you one warning then they will take the CFK offer off the table. tenant is only person to get the CFK not the owner.
Well the house I rent has been taken back by the bank at auction. Was contacted by real estate people and they say they'll be offering cash for keys to me. It's B of A.
Does anyone have experience or stories on how this works, what they pay, what they expect from me, what information I should or shouldn't give them?
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