This is the worst advice I’ve ever seen on this forum. Please OP, follow this advice and report back to let us know how it goes. |
You should make it a contingency to have the current owner evict the deadbeatz |
Meh. I bought a foreclosed condo. The couple who owned it just completely walked away from it when they divorced. Neither was going to pay anything. There wasn't any financial difficulty, they just didn't want the condo any longer. They had put basically nothing down and it would cost more than that to sell it. It didn't make sense to me. |
Yeah and not the majority of people who can’t make mortgage payments , but di whatever you need to make yourself feel better and sleep at night |
DP. With what leverage? If the seller wanted to deal with getting these people out they would put it on the market without tenants and likely get more money than OP is currently paying. |
|
What a weird thread.
Just because this condo was bought in foreclosure doesn't mean the tenant is in violation of their lease - it is entirely possible the tenant is fully paid up on the lease and has some amount of time before the lease even expires in which case the new owner inherits that lease and its obligations. If the tenant is not in violation of the lease I presume the security deposit would be transferred to the new owner at closing or at least control of the escrow if that is where it is being held. OP said the property is in MD - I don't know anything about Landlord & Tenant Laws in MD but in DC if a tenant is paid up on their lease they are almost impossible to evict even if the tenant is well past the original terms of the lease. I'm betting Maryland has some pretty strong laws protecting tenants as well. I'm incredulous OP didn't investigate or think any of this through before committing to this purchase and is going to DCUM for advice. |
Are you my slumlord’s lawyer? This is 100% his tactic. |
Why are you dredging up a 6 month old post just to make this inane comment?? Stick with current threads, stop digging up old ones that nobody cares about, least of all YOU and that ridiculous comment. |
mim not the weirdo who bumped this thread but I confess I am curious to see how this all worked out for OP. |