"jmcquown" wrote in message news
On 7/15/2017 5:45 AM, 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.
>
Until actual money changes hands and the deed is handed over ("closing
the deal"), it's nothing more than a handshake even though it's on
paper. Either party can back out at any time up to that point.

Jill

==

Thanks. When we have bought houses, we have never had to sign anything
until the deal is completed.

Once signed, it is a done deal.



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