Quote:
Originally Posted by batman1425
We did a rent back for a week or two when we sold our last house to make the timing work. Wasn't a big deal. Remember that that the rent back is based on your mortgage payment, not whatever theirs was.
Make sure you have a good lawyer with experience with this stuff and it is all clearly in the contract. Big ticket items are who is responsible for upkeep, wear and tear, taxes, etc. Not unreasonable to say the place should be in the exact condition that you saw it in during the pre-close walkthrough.
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Meeting bank pres tomorrow to discuss and see who they have to help negotiate the legal parts. This would be for a month or two. They’ve been there 20 yrs and it will take them a bit to clean it all out.
One slight hesitation I have is if the housing market opens up any or something we like better pops up for sale then it will kill me to see that ( or rather my wife will kill me and I will hear “told you we should be waited” for the remainder of my life
