This would have a severe impact on the housing market if allowed to stand. I am hearing that some are now adding clauses that require seller to move out days before close of escrow as a condition of closing.
You can be sure the mortgage companies will write that in, immediately.
A guy isn't apt to pay his mortgage when he's not living there, and the mortgage companies do everything they can on the front end to avoid defaults.
That's why it takes so much paperwork to get a mortgage ?
Bah, it was a cash sale ?
"If you were in Arizona, if you were in Nevada, this wouldn't be a problem, you would just go take your house back. But in California, like our hands are tied, even though we're on your side, there's nothing we can do."
This would have a severe impact on the housing market if allowed to stand. I am hearing that some are now adding clauses that require seller to move out days before close of escrow as a condition of closing.
You can be sure the mortgage companies will write that in, immediately. A guy isn't apt to pay his mortgage when he's not living there, and the mortgage companies do everything they can on the front end to avoid defaults. That's why it takes so much paperwork to get a mortgage ?
Bah, it was a cash sale ? "If you were in Arizona, if you were in Nevada, this wouldn't be a problem, you would just go take your house back. But in California, like our hands are tied, even though we're on your side, there's nothing we can do."