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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Yes, don't, don't, don't under any circumstances... Posted by Ward-CA- on June 11, 2003 at 6:39 PM In Reply to: Any suggestions for renting a house back to previous owner? posted by bob on June 11, 2003 at 2:20 PM : I bought a duplex three weeks ago in PA. The previous owner : still lives there and she wants to rent from me. Actually : her attoney called me and mentioned she would like to rent : an unit. I intend to sell this property. Any suggestions? : Thank you : Bob =•=•=•=•=•=•=•=•=•=•= Bob, You haven’t indicated whether the purchase was a regular one or at a foreclosure auction. Since this site deals with foreclosure questions, I’m going to assume you acquired the property at a foreclosure auction. In these type of situations I always ask myself the question “In what way could it help me, hurt me, or is it just neutral”. My answer is: I don’t think it could help me and it could really hurt me if she interacts with prospective buyers viewing the property prior to resale. So I’d want the ex-owner as far away from the property as I could engineer. I’d certainly wouldn’t want her around where she could engage prospective buyers into conversations regarding the foreclosure and how she lost the property etc. To put a good face on it I’d explain I’m readying the property for resale and I need the place to be vacant to expedite the rehab as quickly as possible. Hope this helps. Follow Ups: How about the tenant? Bob 1:55 PM, 06/16/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I bought a duplex three weeks ago in PA. The previous owner : : still lives there and she wants to rent from me. Actually : : her attoney called me and mentioned she would like to rent : : an unit. I intend to sell this property. Any suggestions? : : Thank you : : Bob : =•=•=•=•=•=•=•=•=•=•= : Bob, : You haven’t indicated whether the purchase was a regular one or at a foreclosure auction. Since this site deals with foreclosure questions, I’m going to assume you acquired the property at a foreclosure auction. : In these type of situations I always ask myself the question “In what way could it help me, hurt me, or is it just neutral”. My answer is: I don’t think it could help me and it could really hurt me if she interacts with prospective buyers viewing the property prior to resale. : So I’d want the ex-owner as far away from the property as I could engineer. I’d certainly wouldn’t want her around where she could engage prospective buyers into conversations regarding the foreclosure and how she lost the property etc. : To put a good face on it I’d explain I’m readying the property for resale and I need the place to be vacant to expedite the rehab as quickly as possible. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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