I Need Help W/eviction Laws In Pa
i have 12 units in central pa. i just bought the latest on 2/9/06 it is a single family home with a tenant in it. I purchased the property to move my growing family out of the town atmosphere. i went with the old owner to meet the tenant and deliver the news. i even offered him my house i currently live in or i offered him up to 2 months to move. tonight i got a phone call from him telling me he was calling a lawyer and the lawyer would be in contact with me because i bought the house out from under him and his rent is paid up so there is no reason for him to move. what should i do?? please help
I did recieve the deposit and lease. Last owner called it a payment agreement. it says how much is due and when it is due it does not have any terms just a date and signature
well the tenant just called tonight he talked to his lawyer and he told him that he should accept my offer of two months and not push it into court
Thanks everyone i am not real familiar w/ pa laws
Nice to hear!
Jim
Would it work to just do it all through escrow?
Have the husband paid through escrow when the deed is transferred, or he quit claims his interest. That would protect her as well.
Just a thought.
I guess she also has to trust that you will not buy it directly fromt he husband for 375k....
This sounds like a simple TIC agreement through escrow...
The transaction is little different from a straight purchase with a mortgage...
[addsig]
Find a title company that will do a double close with you. Give them precise instructions, including ones that require all money you paid be returned to you if unless BOTH transactions are completed. etc.
Call your title company...they can do this for a minimal fee.
Thanks for answering. I did call the title company and they said it would be $1800.00 for some kind of transfer tax. Does that sound right or should I just make up a legal paper.
Pat
why would a quitclaim between two unrelated parties NOT result in transfer taxes?
Additionally you could have her and you put the property into a land trust for your benefit. And then give each other 50% of the beneficial interest in the properties involved.
Many times there is not transfer tax for putting a property into trust for your own benefit. Then you just change the beneficial interest after the fact to reflect a 50% ownership for each of you..
[addsig]
Im not sure...
Can you shop title companies?
Open up a phone book and call 5 different places, see if you can get it done for less
You need to get a deed recorded to change ownership of a property. You can not just notorized a peice of paper - it has to be a deed and it should be recorded. There are no shortcuts.