Submitted by Willard (not verified) on Fri, 06/01/2012 - 12:02am.
Berger should call the bank and tell them how much he can pay each month for rent until they can find a buyer. Typically it's better for a home to have a tenant rather than letting it sit vacant for however long it takes to sell the already lived in home. Better yet, the new owner can continue to get some level of revenue from the property. I've heard of that scenario used often out west, but not sure about here in North Carolina.
Ask for a rental agreement
Berger should call the bank and tell them how much he can pay each month for rent until they can find a buyer. Typically it's better for a home to have a tenant rather than letting it sit vacant for however long it takes to sell the already lived in home. Better yet, the new owner can continue to get some level of revenue from the property. I've heard of that scenario used often out west, but not sure about here in North Carolina.