I am renting a single family house with my roommate. About 2 months ago, my landlord called flipping out because our nosy neighbor told him that we have cars at our house all the time and that more than two of us were living in the house, which was totally false (my roommate and I both have b/fs that stay over alot, but do not live there, plus the lease says we are allowed to have guests as long as they do not stay over for 2 weeks in a row).
So, out of the blue, I get a call today from a bank saying they are going to schedule an appraiser to come and inspect the house.
I'm thinking 2 things -
(1) this is a bogus excuse to get someone into the house to see if the guys are living with us - which doesn't bother me except that he thinks I lied when I told him they weren't.
or
(2) He is selling or refinancing the house (however I know that there is no current mortgage on the house, he inherited it).
Should I be worried? Thoughts, suggestions
2007-03-23 07:44:32 · 7 answers · asked by TWBensgirl 2 in Business & Finance ➔ Renting & Real Estate
I don't think he would go to all the trouble to set up a bogus inspection to catch you at something. If he wants you out, it's his house and all he has to do is give you a notice to move (I own rental houses). With a lease, you may have more time if you haven't broken the terms of the lease. Sounds like he's wanting an appraisal to put it up for sale or is going to take out a home equity loan. He doesn't need to refinance if he owns it outright.
2007-03-23 07:55:00 · answer #1 · answered by Beckers 6 · 0⤊ 0⤋
I suppose all of your speculation is possible, but you are probably paranoid because of your busy-body neighbor. If you are complying with the terms of your lease, then there is no worry. The appraisal is most likely legitimate for the several reasons mentioned in the other answers.
On the day of appraisal, you don't even have to be there (if you are comfortable with that). Your landlord probably will be there, just to check of the condition of his property and to make sure the appraiser is thorough. You can deal with that drama or just be somewhere else. If you are around, it might be a good idea to have the boyfriend or another adult friend over during the appointment just for safety's sake, witness, etc. I know my wife gets nervous when strange men come to our house and I'm not around.
2007-03-26 17:34:43 · answer #2 · answered by Appraiser Guy 2 · 0⤊ 0⤋
He could be challenging a property tax increase.
He could be refinancing (the mortgage may be paid off, but he can only get some money from it by getting a loan or selling the house.) He could be preparing to sell as well.
I don't think he's spying in you. He could just give you 24/48 hours notice and claim he wants to do some maintenance.
I don't see any reason to worry, the worst that could happen is that you'd need to look for another place in a couple of months.
2007-03-23 07:51:46 · answer #3 · answered by Vegan 7 · 0⤊ 0⤋
SO, you recommend to declare, at 4:30 am each and each physique became into quietly dozing in tents? Is the propertly fenced, and how close are the chums. If the vendors grant a paper that they gave permission for the persons to be there, the police could have had likely reason to return lower back there. And if there have been all human beings under the age of 18 the police (i think of of,) have not got the authority to grant a breath anylisis to toddlers without father and mom permission, or a criminal expert recent. i'd hire an attroney, and wrestle it thinking which you do no longer % for something on your checklist. criminal experts can plea bargin something like from a under the impact of alcohol and intoxication of a minor splendid right down to a demanding the peace or disorderly habit, or some concern
2016-12-15 07:18:50 · answer #4 · answered by livesay 4 · 0⤊ 0⤋
No worries. You have a lease so even if he sells, the buyer must abide by it. A re-fi would have no impact on you what so ever.
If someone shows up claiming to be an appraiser, ask for documentary proof. Appraisers are licensed in most jurisdictions so ask to see that. And they'd have a contract for the appraisal job; ask to see that as well.
But don't be so paranoid. The landlord has right of entry with proper notice. The law usually says 24 hours is sufficient. And a routine inspection of the premises is an adequate reason for the landlord to enter. He has no need to resort to subterfuge to gain access.
2007-03-23 07:53:06 · answer #5 · answered by Bostonian In MO 7 · 2⤊ 1⤋
Depending on the lease, the owner can pretty much come in any time he/she wants to. My assumption would be that the owner wants to get cash out of the house, which would require a home equity loan. This does require an appraisal. The owner could be selling also.
2007-03-23 07:52:05 · answer #6 · answered by psychocabra 1 · 0⤊ 0⤋
Your lease remains in force to it's current full duration, even if he sells the property. The lease is simply transferred to the new owner.
A refinance would have zero impact on anything.
I'd guess he's simply pulling some cash out of this inherited property. Having cashflow is nice, but sometimes reducing your cashflow with a mortgage by taking out a big chunk of money in one shot is nice too.
2007-03-23 08:26:19 · answer #7 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 1⤋