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Reply to "How common are rent backs in this market?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Mortgage lenders will allow 60 days. [/quote] Oh brother :roll: why would you even tell your lender? That is ridiculous. it's a rent-back, not a "rental". #hit happens. You start out intending to do a 30 day because you need to find a house. That 30 turns into 60 because you still can't find a home. [/quote] You can't not tell your lender. The provisions of the rent back are in the contract, which the lender gets. Are you saying the buyer should accept the seller arbitrarily extending it because they cannot find a house without any protection for the buyer after it's legally their house?[/quote]
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