Posted by jeff on October 08, 2002 at 17:08:00:
hmmmm, selling the judgement depends on who these people are. if they own 4 cars, keep the judgement and place a lien on the cars.
sellnig for $0.15 aint much of an idea really, itll cost you that much to file the lawsuit and pay costs unless it was an ungodly amount of damage.
Tearing up lease purchase home - Posted by becky
Posted by becky on October 08, 2002 at 16:05:20:
If you sublet a lease purchase home to a tenant /buyer and you are doing a sandwich lease–what happens if the tenant/buyer tears up the home and skips out?
Thanks,
Becky
You get a judgement against them - Posted by Sean
Posted by Sean on October 08, 2002 at 16:48:25:
And then you sell the judgement, usually for about 15 cents on the dollar. So you lose about 85 percent. Try to pick good buyers that won’t trash the place.
Re: Tearing up lease purchase home - Posted by jeff
Posted by jeff on October 08, 2002 at 16:17:31:
legally or in actual life? they have two totally different outcomes usually.
in real life its your loss. you fix the property and keep the tenant buyers deposit. yuo could go after the tenant for damages that the deposit wont cover that are above and beyond normal wear and tear of the property, but good luck getting it.