Legal Question in Real Estate Law in New Jersey
Short Sale and Eviction
Once a short sale has been accepted by the lending institution, how much time does the occupant of the house have before being made to move out?
Asked on 2/24/09, 1:20 pm
2 Answers from Attorneys
Savyon Grant
Law Office of Savy Grant
Re: Short Sale and Eviction
When you close on the property. Please call me with additional questions.
Answered on 2/24/09, 1:38 pm
Richard Vallario
Richard W. Vallario Law Office
Re: Short Sale and Eviction
The lender doesn't care when you move out. That is a matter to negotiate with the Buyer. It is unlikely that a Buyer would allow you to stay after closing since you most likely do not have an escrow to deposit to cover your use of the premises and any damage after the closing.
Answered on 2/24/09, 2:54 pm
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