What Happens Now?
I was wondering what happens to the house when the husband shoots and kills his wife and he goes to prision?
In my old neighborhood, one of my friends called me and told me that this happened recently. I want to buy the house. We made an offer on it when we were still living in the neighborhood but did not get it.
Who and where should I start talking?
Chase Manhatten loaned the money in 2000.
Thank you
P.S. I am not being insensitive here, I really feel bad for the family and friends. They had 2 small children as well. A tragic ordeal for them indeed.
Have you had a real estate attorney take a look at this? Depending on the state, it is sometimes illegal to hold back a security deposit for anything other than damage caused by tenant. Here in Florida we have to give notice that we are keeping the security deposit and the tenant has a chance to respond. If she skipped out on the lease you might have a stronger position, but since you let her go...
find out what is the law in your state. In Oregon and Utah.
You seem ill prepared to be a landlord, I suggest some training and education on the subject. Many large cities have apartment owners clubs that could help you out with your dilemna..
[ Edited by JohnMerchant on Date 07/17/2005 ]
You are way out of line to say I am ill prepared to be a landlord. I have been reading the laws in Wisconsin, and just came to this forum for some advice in case anybody had any advice that was familier with wisconsin. I have looked at many many leases and all of the leases I have looked at from many different states says that you are allowed to keep the security deposit if they break the lease or do not give you the 30 day notice that they are suppose to give. I believe any of you who cuts down a person by what question they ask just to get an opion of another investor are way out of line. You are so wrong about me not being a good landlord.
Thanks.
In most/many states you can be held liable as a landlord for using the security deposit in this manner OR & Utah are very specific in this area. In these states you must seek redress in the courts after having returned the deposit
These are things that should have been learned prior to "landlording" as stated previously you need to seek the help of an attorney before you get taken to court and end up paying far more than the security deposit. A good attorney should guide you through this.
Never let your pride stand in the way of making money (or cost you money).....
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