68. How fast can I get into the Bella program?
Typically you can get into the Bella program with 7-10 days after you have signed the pre-sale agreement.

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69. Where does the closing take place?
As client, you have the option to have the closing take place, at your home, your business, or an attorney's office if you prefer.

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70. Are there any fees included in my closing cost?
Bella Homes will be responsible for paying the costs of the closing attorney, and all costs of the closing. However, if the client decides to retain their own lawyer for the closing, then the client would pay the costs for that attorney.

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71. Is the amount due at closing on my presale agreement the exact amount I will be paying at closing?
The presale agreement is a very close estimate of what you will be paying at closing. The only variation you may see is going to be based upon the day you close during the month, because the 1st month's rent is prorated.

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72. When is my deed recorded?
After closing the deed you have signed to convey ownership to to Bella will be recorded with 15-30 days following the date of closing. That will also be the date on which the Memorandum of Option to Purchase will be recorded as well.

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73. Can I give my exclusive right to re-purchase to one of my kids?
Yes, your rights to repurchase the house under the option agreement can be transferred to a family member.

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74. Who takes care of maintenance, or any repairs that need to be done on my property?
Each home is leased to the tenant on as-is basis. Tenant is typically responsible for any repairs that need to be made. However, if the tenant makes any repairs that run more than $1000, and reports those costs to Bella, Bella will consider that a capital improvement in the home, and at the time the house is resold to the tenant, the tenant will get credit for that expense off the sales price.

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75. Can I file a bankruptcy after I have entered into the Bella program?
Yes you can. However, Bella recommends you speak to a bankruptcy lawyer to see if it is advisable for you to do so.

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76. What day is my rent due?
Your first rental payment will be due on the 1st or 15th day of the month depending on which day you close.

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77. What do I do if I have a real estate listing on my home?
If you have a real estate listing agreement on your home prior to entering the Bella program, you will have to cancel that agreement before you join the Bella program, and we would refer you to the listing agreement to see exactly how you should go about doing that.

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Here is the rest of Bella's Q & A. Now, that we have them pinned down on what they are purporting to do we can look at the court papers and other public record and determine if that is in fact happening.

Declaring bankruptcy after signing with Bella could prove quite interesting. It is very complex. Bella would probably have to evict the tenant / former owner. That could be very costly and time consuming. Fascinating!

Soapboxmom