As a 20 Year Veteran real estate Broker, I'm confident that ...Yes that is correct.. However, said Realtor may not abuse the key privilege As an example,,, if numerous potential pre-qualified purchasers are seeking entry, schedule a weekend showing for all at once within the same 1 hour period. To show the property an excessive number of times, could be viewed as a form of intimidation, harassment or interfering with ones quiet enjoyment of the premises. One thing that should never be forgotten or or overlooked. Always give proper and adequate notice to the occupant's Otherwise you will have trespassed and unlawfully entered. Only the occupant can wave his/her own right to the statutory required, traditional, customary, conventional amount of adequate notice.
Should an Occupant vemonently objects to providing the key(s), You can compromise and work within whatever gets a close to a win-win work out. Either side can Seek an ex parte injunction for necessary access. I assure you the court will assist both camps in a compromise.
Perhaps being in that situation would be the perfect time to Buy... It is after all an REO. And You as the occupant did pay the mortgage in fact via your monthly payment to the former owner.
Trenton Sims
California Broker
310.422.0435 ph, 310.807.9230 FX, TSims@GreenPlanetFunding.com
The Landlord
Yes if thelandlord accepts you as a tenant
There are only a couple of websites online where you can obtain a tenant loan but there are many that informs you on what a tenant loan is. The best site to check would be Loans For The Unemployed if you want to apply for a tenant loan.
Legally, yes.
No. If the property is about to be foreclosed, the landlord has no obligation to give the tenant any notice of anything. After the foreclosure, the landlord will have nothing to do with the tenant.
You can obtain information on how to legally evict a tenant in Connecticut at the link below. Once at the website look for a downloadable booklet that will explain the legal process.
Legally, probably not. Why would a tenant want to do that though?
Homes are foreclosed on by the lender. The title to the property is obtained by the lender in the foreclosure process and then the tenant is evicted by legal action.
No. If the tenant does not own the building they legally cannot be responsbile for the insurance on the building.
Anyone can purchase the house, tenant or otherwise. If you are interensted, clal a realtor tomorrow and have them look in to it for you (it won't cost you anything)
Depends on the state
Assuming the rental properties under foreclosure, it is only that property that is being foreclosed.