I am a renter that lives in a home the will go on short sale.

Submitted by Maria from NV - 06/01/2010 - 9:28pm

my landlord informed me that in order for her to sell the house short sale she has to live in it. is this true ?

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Comments

Submitted by Maria - 06/01/2010 - 9:31pm

please help.

Submitted by Michelle - 06/02/2010 - 9:03am

Most lenders will consider short sales on owner occupied properties. Short Sales are possible on investment properties but are VERY rarely approved. This is probably why your landlord made that statement.
The landlord must comply with the terms of your rental agreement or lease. If you have a lease then they would need to honor the terms of the lease. If it is a month to month agreement then they can give you notice to vacate as outlined in your rental agreement.

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