Asked by Steven G, Miami, FL • Tue Jun 16, 2009
I have several concerns before i sign the paper work to rent...1. if the unit is sold to a new owner on short sale, do they have to honor my lease? 2. If the unit is either sold or foreclosed on, can i get my deposit back (the maintanance fees are being paid still)? 3. The list price is 198,000 (condo), would a good offer be 20% below that on a short sale? 4. My income is between 45k-50k this year, my girlfriend/wife's (dont ask) income is around 40k. With my credit being outstanding and hers being middle of the road, is this affordable with $530 a month in condo fees?
I am so completely lost in the process as I have always rented and never owned; I am especially concerned with this being a short sale... Any help would be appreciated
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