Tuesday, March 17, 2009

How much money does the bank have to give to some one before kicking them out ?

So the land lord owed the bank 800k, he didnt pay so the bank took the property over, but some one has been living there for 17 years how much does the bank have to give to make them leave.

I called a lawyer and they told me 17k and up ?


I have never heard of this, generally the answer is nothing, in fact they can collect legal fees if an eviction is forced.

I can not imagine where 17k would come from, you own nothing of the property.

Can you state where you are so we can look the law up?

edit -

I am a CA landlord and investor.

There is no such law for renters. Renters would all be evicted before 3 years if landlords someone owed them money.

You are entitled to a 60 day notice, not 30 days, but that is the only thing out of the norm. No one owes you any money expect your old landlord, who owes you your deposit.

That lawyer just wants a retaining fee from you, he knows perfectly well there is not 1k paid to tenants for every year they rented.

Well sorry, for those of you who chose the Best Answer you were wrong ...

They were actually given 20k, for living there for 17 years !!

I knew it was going to happen since the bank took it over !!

The land lord did not owe the tenants money but the bank has

to pay to evict them ! Thanks anyway http://answers.yahoo.com/question/accuse_write?qid=20080923192656AA0BQa2&kid=Rqd0K0bqMHKTgOlp3dXK&s=comm&date=2008-09-29+21%3A17%3A54&.crumb=

"Have to?" Nothing. I believe any money given is a courtesy to get you out with a minimum of fuss.

it depends on the state in question

No comments: