Re: Short sale tenant move out
by NY-LL on Sunday, July 22, 2012 @04:04
Any agreements made outside of the scope of the bank short sale agreement would be a violation of the condition of sale. The bank short sale addendum would supersede the lease agreement, as both parties are subject to the terms and conditions of the bank short sale. The bank short sale addendum, in essence, is a formal notice of eviction to the former property owners (unauthorized tenant). The former property owners should vacate the premises in accordance with the terms and condition of the bank short sale agreements.
What were the terms and conditions for new owner possession of the premises after the short sale date? The new property owner should contact their real estate closing attorney and the bank seller to confirm the legal date of possession by the new property owner.