Crime & Safety in 67205>Question Details

dosio007, Both Buyer and Seller in Santa Rosa, CA

Can we move out of our home which is in the market for a short sale before we have an offer for a short sale on the table?

Asked by dosio007, Santa Rosa, CA Tue Mar 12, 2013

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You may move out if you wish. However, please know that sometimes a lender will send inspectors to short sale homes to verify occupancy. If the inspector finds a home vacant they may execute the lenders right to secure, manage & even winterize the property. This can lead to a filing of foreclosure or if a foreclosure is already underway it may lead to a foreclosure acceleration. When they secure the property they may have the right to enter the home and remove any personal property they find if it is deemed detrimental to the property.
1 vote Thank Flag Link Tue Mar 12, 2013
You can and it happens all the time, just not a good idea to leave your home empty, if it is vandalized it may not be salable.

Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
Web Reference: http://jamessimms.com/
0 votes Thank Flag Link Tue Mar 12, 2013
Home owners can move out of their homes whenever they want to.
0 votes Thank Flag Link Tue Mar 12, 2013
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