If I have a contract to purchase a home, can I sell the home before I close because of equitable title?
915758
This is called "assignment of a contract", aka "wholesaling" or "flipping" and the act itself IS NOT FRAUDULENT.  You are not selling a home, you are selling a contract. There have been loan fraud schemes designed around flipping of properties, but flipping a home is perfectly legal.\n\nCouple of points:\n1. If this is new construction, the builder probably has "anti-flipping" language in the sales contract, in such case you will not be able to assign the contract. \n\n2. If you used a standard sales agreement used by real estate agents, there's probably anti-flipping language in there as well. In the state of PA (where I live), you can simply draw a line through this wording and have both parties initial and date it, and voila, it becomes allowed. Check your state for what's allowed.\n\n3. If you drafted your own sales contract you will need to use wording after the word "Buyer" like "and/or assigns or nominees."  This is the legal wording used to state that you are assigning the contract.\n\nGo to the book store and start reading up on flipping, and join a real estate investment group. Go forth and learn.\n\nFor the record, most real estate agents have no idea about real estate investing. If you work with an agent for real estate investing, make sure they specialize in it. Most agents handle primary residences which is a completely different animal.
200714
The court's have contingencies for most problems....but it would be worth your time to talk to an attorney.  You may be able to petition the family law judge for a specific order authorizing you to transfer title to the home and sell the property without her signature.  Do it right the first time....it could be a legal nightmare if you sell the property without proper legal authority.
613484
you must be out the day u go to closing unless you make a deal with buyer before the closing . you hand them the keys at closing unless bank holds check till it clears. that was what was done at our closings. we sold five in pa.
307330
If the contract allows you to fire the agent/brokerage and you can prove you did so before the sale of the property, you shouldn't be responsible for the commision.  If the contract outlines what the brokerage/agent will do and you can prove they didn't keep their end of the bargain you may be entitled to be released from the listing contract.  Pursue arbitration with the local Board of Realtors.
867391
Ok,  if you are selling a lien on the home,   at closing someone representing the lender should be there, \n\nThe seller has two or three certified checks,  one goes to the line holder who will then release the lien.\nnext one check goes to the attorneys for closing costs and another check goes to the seller for any difference.\n\nA property can not be sold, to someone else untill the lien is released.
1127990
This should be addressed in the lease - standard is 30 days before the end of the lease the landlord can put up the for sale sign - the lease is not renewed but on a month to month basis and the tenant is given 30 day notice to vacate at the signing of the sales contract - the sale then cannot close for 30 days - but all things are negotiable and some landlords don't want to let go of a good paying tenant until the last minute in case the deal fails to close - so some will not be fair to the tenant and tell them like a week before closing that they have to vacate - it really all depends on the people - now - this is based on Texas real estate and each state differs so my best advise would be to contact the board of Realtors where you are located and pose the question to them
966409
I don't know the section of the law, but last year I had to sign some legal papers pertaining to the sale of a house.  With my faxed signature, the process could proceed, but I had to mail the original to the attorney for it to be completely legal.  \n\nA real estate broker said that deals are done that way all the time.
1016841
Almost simultaneously if you have equity and a good FICO.  On a new build in a hot real estate market you should have equity by the time the house is completed.\n\nYou maybe able to close the equity line when you close on the home.  \n\nSome buyers use an equity line for part of the downpayment and need it to close and that's doable.\n\nGood luck
896227
Yes they can. If the property is in foreclosure then the loss of value is to the lien holder, not your mother, who will obviously be abandoning the property.
1109824
Foreclosure is dependent on the contract.\nSome contracts imply that if you're one minute late, the house belongs to the bank. Don't let it happen!
419203
We qualify people all the time with the old home "retained as a rental."  You can use market rent for your area to offset the mortgage on the existing home to keep your ratios down.  You are running the risk that you will end up responsible for two mortgage payments if you can't sell your current home quickly enough.  In my area, that's not a problem because the market is hot (that's why no seller will accept a buyer's offer if it's contingent on selling the current residence... there are so many buyers out there that they don't have to.)
1073439
The answer is yes, but....\nIf anyone wants to buy the house they would have to honor the lease including the option to buy.  The rent to own contract will probably contain some language regarding your rights to exercise the option prior to the sale to any other purchaser.  The terms of your option to buy may or may not contain verbiage about the price and terms.  If the price and terms of you option are attractive enough, a buyer might want to buy the home at a lower price for cash hoping you will exercise your option at a higher price thereby insuring a reasonable profit.
1031949
No, you can't The house sale is usually contingent on appraisal and loan approval. That means you can decide not to go through with the purchase. If you read the loan application, I'm sure there is something that says they aren't going to lend you if there is something they don't like about the house such as termite, roof leak, etc. Your other option is to ask the seller to repair them.
809391
If you leave before your lease is up they can make you pay until the end of the lease date or settle for some lease-breakage fee.  You may be able to negotiate to pay until they find someone to take over your lease.\n\nIf they sell the property then you'd have to pay the new owners as of the date of the sale.
952452
Don't wait till closing to ask for concessions.  They should be part of your contract to buy.  If they are not in the contract to buy, they do not have to be given for the sale to close and you will be the loser.
1139041
It could if you don't get enough money from the proposed sale to cover all of the mortgages....or if the mortgage company doesn't agree.  It might be a good idea to consult a real estate attorney to get specific information for your situation.
193075
If your name is not on the deed then it can be sold without your permission but if you can prove you have made repairs and not been paid, then you should be able to place a lien against the property to prevent the sale until you are paid.