How the bank that flocusure a house considered when or not it's a bona fade lease ? What they see to determine qualification

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1. Licensed in CA

   

   Robert Suhajda

   Cerritos Tax Lawyer

   Contributor Level 16

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   Answered January 06, 2012 11:07. I am sorry to say I cannot give a definite answer to your question because the facts are too brief. Please ask the bank in writing why they do not consider the lease to be legally binding. Now you do not have to move until you are evicted. You can send the rent in or put it in a trust account. So just go to court when the bank files its unlawful detainer suit.

   Disclaimer of California Attorney. Laws differ from state to state. Although the above response is believed to be... moreDisclaimer of California Attorney. Laws differ from state to state. Although the above response is believed to be accurate, it should not be relied upon as any type of legal advice because the information provided is incomplete. It is intended to educate the reader and a more definite answer should be based on a consultation with a lawyer. No attorney client relation is formed with me without a written contract. Good Luck starts with a strategy and a plan. Robert J. Suhajda, MS,CPA Attorney-At-Law 17721 Norwalk Blvd. #43 Artesia, CA 90701 562-924-8922 Tax Relief Lawyer. Former financial auditor and controller. Admitted to US Tax Court, Income Tax, IRS representation, Fiduciary income tax returns, Estate and Gift tax returns, Homeowner Association Strategist. less

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2. Licensed in CA

   

   Robert Suhajda

   Cerritos Tax Lawyer

   Contributor Level 16

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   Answered January 06, 2012 11:08. I am sorry to say I cannot give a definite answer to your question because the facts are too brief. Please ask the bank in writing why they do not consider the lease to be legally binding. Now you do not have to move until you are evicted. You can send the rent in or put it in a trust account. So just go to court when the bank files its unlawful detainer suit.

   Disclaimer of California Attorney. Laws differ from state to state. Although the above response is believed to be... moreDisclaimer of California Attorney. Laws differ from state to state. Although the above response is believed to be accurate, it should not be relied upon as any type of legal advice because the information provided is incomplete. It is intended to educate the reader and a more definite answer should be based on a consultation with a lawyer. No attorney client relation is formed with me without a written contract. Good Luck starts with a strategy and a plan. Robert J. Suhajda, MS,CPA Attorney-At-Law 17721 Norwalk Blvd. #43 Artesia, CA 90701 562-924-8922 Tax Relief Lawyer. Former financial auditor and controller. Admitted to US Tax Court, Income Tax, IRS representation, Fiduciary income tax returns, Estate and Gift tax returns, Homeowner Association Strategist. less

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3. Licensed in CA

   

   Frank Chen

   San Marino Real Estate Attorney

   Contributor Level 20

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   Answered January 04, 2012 17:01. It's not possible to determine what this particular bank considered. However, generally speaking, there are a multitude of factors one would use to determine whether the lease is bona fide or not, including but not limited to who are the parties, what is the amount of rent, and what is the duration of the lease term.

   The information presented here is general in nature and is not intended, nor should be construed, as legal advice.... moreThe information presented here is general in nature and is not intended, nor should be construed, as legal advice. This posting does not create any attorney-client relationship with the author (who is only admitted to practice law in the State of California). For specific advice about your particular situation, consult your own attorney. less

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