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Bruce[_28_]

On Sat, 15 Jul 2017 08:44:58 -0300, wrote:

>On Sat, 15 Jul 2017 12:34:55 +0100, "Ophelia" >
>wrote:
>
>>"Cindy Hamilton" wrote in message
...
>>
>>On Saturday, July 15, 2017 at 5:45:23 AM UTC-4, Ophelia wrote:
>>> "Bruce" wrote in message
>>> ...
>>>
>>> On Fri, 14 Jul 2017 23:03:55 -0700 (PDT), John Kuthe
>>> > wrote:
>>>
>>> >On Friday, July 14, 2017 at 5:22:26 PM UTC-5, Jill McQuown wrote:
>>> >> On 7/13/2017 8:25 AM, Gary wrote:
>>> >> > Janet wrote:
>>> >> >> says...
>>> >> >>> And my housemates love me so much as their landlord they gave ME
>>> >> >> their July 2017 rent checks rather than our cheap Chinese landlord!
>>> >> >> (I
>>> >> >> just deposited those checks too, today!)
>>> >> >>
>>> >> >> Just wait till the Chinese OWNER of the property finds out
>>> >> >> HIS
>>> >> >> tenants didn't pay HIM their rent this month.
>>> >> >
>>> >> > I was thinking the same thing. John is not the owner yet and the
>>> >> > chinese
>>> >> > owner gets the rent until then.
>>> >> >
>>> >> John is delusional if he thinks he's already their landlord. He's not;
>>> >> they aren't John's tenants. What part of [he] doesn't own the house is
>>> >> so hard for John to grasp?
>>> >>
>>> >> > This really does sound like a fail-fail situation. Maybe John should
>>> >> > stop right now, swallow his losses and go look for a better house to
>>> >> > buy. This entire deal with all the future repairs sounds so not right
>>> >> > to
>>> >> > me.
>>> >> >
>>> >> > No sane person would ever fix up a house until after closing and they
>>> >> > own it. The chinese landlord is probably loving all this insane
>>> >> > nonsense.
>>> >> >
>>> >> > John...he could even cancel the sale after you spend half your
>>> >> > fortune
>>> >> > fixing up HIS house. Wake up.
>>> >> >
>>> >> He sure could. You can bet he's keeping an eye on everything that's
>>> >> going on in that house. In fact, as the legal landlord, he has every
>>> >> right to enter and look around the property. He could take one look at
>>> >> these improvements and decide he doesn't want to sell. Until closing,
>>> >> he can back out at any time.
>>> >>
>>> >> Jill
>>> >
>>> >Oh and he does whenever he wants. But he;s out of town right now.
>>> >
>>> >WE have to do these things to close the sale and then he and his partner
>>> >get $108,000 cash. If the sellers back out after I've paid to have all
>>> >this occupancy permit inspection stuff brought up to code I'm sure I'd
>>> >have
>>> >a very good case for a civil lawsuit against them. They signed the sale
>>> >contract too after all!
>>>
>>> But isn't it strange to collect rent for a property you don't own yet?
>>>
>>> ==
>>>
>>> If they have signed the sale contract, does that not indicated they have
>>> sold it to him? Not sure how it works there.
>>
>>They've signed a contract that basically states "I'm going to buy this
>>house" and "I'm going to sell you this house", and states the terms
>>under which the sale will proceed (timing, condition of house at
>>time of sale, results of a title search to determine that the seller
>>really is entitled to sell the property, etc.)
>>
>>If the terms of that contract are not satisfied, the contract is void.
>>One example of that might be if the title search discovers an undisclosed
>>lien on the property and the lien is not released by the sales
>>contract.
>>
>>The actual transfer of the deed to the house happens when all of
>>the terms of the sales contract are satisfied. Then everybody sits
>>down, exchanges the money, and the title deed is transferred
>>from the seller to the buyer. This is commonly referred to as
>>"closing".
>>
>>Cindy Hamilton
>>
>>==
>>
>>Thank you. It seems it is too easy to renege on that contract if one
>>side wishes.
>
>That's totally incorrect, it happens much more frequently in the UK

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