Our lease was up in August, but the private owner has been allowing us to go month-to-month since then, and we were in the middle of talking about creating another lease for January.
I just received papers from the local sheriffs office for a lawsuit from some bank against the owner, and that it was being foreclosed upon (plus the sheriff said the same thing).
I have been told by many people that I can stay here until it’s officially foreclosed upon (which takes 4-5 months from what I’ve heard).
Is this true? Also, what about rent? Am I no longer obligated to pay this guy since it’s now being taken over by the bank?
Real Estate Professionals
In the past I had the option of mailing my rent to my landlord or applying it directly to his mortgage payment at his bank. I asked him this month if he minded if I did that and he said his payment has been reduced and my rent would be significantly more than the payment.
Is this a sign that he was delinquent on his mortgage to get a different minimum payment? What happens to me if they foreclose on the place? When does he have to tell me?
Thank you in advance for your answer.
Sell House Quick
I live in Aventura,FL and I been in this apartment since May, my second month here I got served with papers from her bank. I spoke to landlord and she said she was working things out, even so I kept getting letters from her bank and lawyers, and just 3 days ago I got a letter from the court WITH MY NAME stating that this apartment is on the process of foreclosure. I just would like to know if I could move out without getting into any legal trouble. Could i ask landlord if she would consider ending my contract? I just cant deal with this.
Rent Back Fast
I’m living in a home that is under foreclosure and i have not paid rent for 1 year due to my landlord leaving and not coming back. My question is would i have to pay back the rent for the months I have not. To the bank or anyone else? Is it possible that they could ask for the rent for the past months. Also to add that the lease that I was under has expired since before the landlord left.
Rent Back
how do i control the crowd at an apartment sale? can I limit the number of people in at one time? can I have them phone me for an appointment,
Rent Back Fast
how does it affect the people who buy it or are considering renting it???
Quick House Sale
In the event of foreclosure , do the bank will continue on or utilities will be shut -off ?? WAMU is the lender.
Real Estate Professionals
How do you emotionally get through it? Even harder, how do you cram all of the stuff from your house into an apartment? Has anyone ever bought anothr house after? How bad does it affect our credit rating?
Repossession
Apartment Repossession | admin, 25 Jun 10 | 
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