Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
One of the things that MAY be happening is the GIFT of "MOVING MONEY" from the Bank to the Occupants: The Listing Agent should be able to tell you about this. It is $1000 to $3000 that the Bank sometimes give people to move out in a timly manner, and without damaging or removing anything. This money is not given to them until they have vacated.
Check on it.
Good luck and may God bless
There are different things you can do.... I hope you are represented by Realtor. If so, ask your Realtor to postpone your closing until they are out of there (hopefully a week). Another thing is, is to still proceed with the closing as scheduled but you need to ask your Realtor to get the closing agent to hold back $10,000 to $25,000 of your money in the closing agentâ€™s escrow and have addendum written up to this agreement. And when the Sellers move out and if the home is in good condition when they leave, you can release the Hold money. This is a good plan if the Sellers are staying for a few days or a week after closing.
If the Sellers are going to stay longer than a week, I recommend for you get a short tern Lease written up and/or get a real estate lawyer. I know this was probably not in your plan and you wanted to move in to your new home ASAP from the closing day, but you need you have a backup plan. Good Luck,
Jill Abrams, CRS, GRI Real Estate Consultant
Keller Williams Realty
If they are not out, you should refuse to close until they are. Don't give away that leverage, otherwise YOU will become responsible for evicting them. Right now, the bank really wants them out, and if you refuse to close, THEY will be responsible for the eviction.
Good luck. Short sales are fun, aren't they?