You could've paid their rent in March, April, May... Weren't you living
rent-free at this point?

NO we weren't. We sold in April... We moved in in May, we are responsible
for 1 week in May, all of June, July and Aug. all of which will be taken
care of at closing.

Our friends dragged their feet in getting it on the market for 3 weeks...


That's what friends are for.

Probably a poor choice of words. They did interview realtors during that
time. In fact the day we sold our home they had signed with a realtor and
the signs and listing was set to be posted the next day. Our friends
arranged for an Exclusion with the realtor for us. If we sold our home
before their home sold our current deal stood and no realtor fees would be
paid.

We had our own home to pay on in Feb. we were trying to sell it. There is
no
way we could pay both. Besides that I had NO idea that my friend was
unable
to make the mortgage. I found out in March.


What a nice friend to not mention this.

I have to agree, I wasn't very happy when I heard they were unable to make
the payment but than again had things gone as planned we would have closed
in May so it wouldn't have been that big of a deal. The loan would have been
in default but at least not in the process we are in now with a Trustee
Notice of Sale.
It is really a bizarre set of circumstances to say the least but it looks
like it is going to be fine providing we close as planned. All signs point
that way but than again all signs pointed to closing in May too.
I am in constant contact with Escrow right now and my friend is in constant
contact with the bank that is handling the lien transfer, hopefully, this
will help keep anymore surprizes at bay.



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