bankruptcy sale of property
How long would it take to sell) to former owners (but the current occupants of a house purchase sale, briefly, in VA?
A bank the approved our offer for a short sale a home in pre-foreclosure. The current owner of the property has told us he will only move forward if the Settlement can have two months free rent back while he finds somewhere to go. When it came down to it, and I accepted the offer, to which lengths the current owner could extend his stay beyond these two months – by filing bankruptcy or other legal means that would prevent me from Moving forward with an eviction? Sure, I will not move forward if I know that I have control over when he removed the property. As long as he can possibly "Squat" when I am satisfied on the house before I would have sold him? Again – for you legal experts out there – this is in the state of Virginia. Thank you!
If he stays beyond the two months you can eviction against him – the legal term is an "Unlawful Detainer" action. In normal cases it can be completed in 2-3 weeks. However, if he is fighting in court, he can drag it out another 2-3 months. In cases of nightmare I have some cases The anti where he fought for 18 months befroe finally beeing seen by the sheriff arrested. General rule of thumb is in foreclosure and short sale purchases: Let the old owner of the property remain. NEVER! is a much better idea to pay for their first 2-4 months rent at another property – ie he has to move – but you will pay for the security deposit and two months rent for a different place if it takes place outside the house in time. Then, if there is a problem it is someone else's problem. Good luck
Short sale my property
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