Re: Do I have to pay rent? Landlord in Foreclosure

Re: Do I have to pay rent? Landlord in Foreclosure by Susan on January 22, 2012 @11:31

Tenants whose LLs put them in the unfortunate situation of foreclosure often have many questions behind their "do I still pay rent" question - such as, "Will I soon be needing money to hire a moving company? How/when will the bank force me out onto the street - and who will notify me of this, and WHEN? What happens to my lease? Will the bank hold me liable for paying the remainder of my lease? Etc." Of course, because of the LL's negligence in failing to pay his/her bills, the tenant then has to figure all this stuff out, including paying a lawyer for hopefully correct information (since they can't count on getting correct info. from the LL and or the LL's unknown mortgage holder). I've certainly never heard of a LL in this situation caring about what happens to the tenants in this situation, which they themselves created.

Oh, but let's call the tenant, who is the one who is NOT at fault for the foreclosure, a "user and loser." After all, when a LL loses his/her property because s/he fails to pay the bills, it'll never affect the tenant! Sheesh.

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Re: Do I have to pay rent? Landlord in Foreclosure by Blaize on January 22, 2012 @13:03	[ Reply ]

thank you at least somebody knows where im coming from i pay my bills its not my fault the possibly uninformed cant pay his... i just feel like if i dont pay him i can leave sooner than dealing with the bull

Re: Do I have to pay rent? Landlord in Foreclosure by P-Bone in WNY (NY) on January 23, 2012 @13:34	[ Reply ]

The problem is that the tenant still has a legal obligation to pay regardless of what the landlord does with the money. Second, the tenant takes all of this risk the minute they become a tenant. If you want to have control over the possibility of foreclosure, then you need to own your own home.

Re: Do I have to pay rent? Landlord in Foreclosure by Jake on January 22, 2012 @15:54	[ Reply ]

You left out one of the "how's and when's." It is when and how will the tenant ever get his deposit back that the deliquent landlord has already spent?

Re: Do I have to pay rent? Landlord in Foreclosure - Landlord Forum thread 245972